A PYMNTS Company

US: NY AG forms temporary settlement with merged GrubHub, Seamless sites

By  |  August 5, 2013

New York Attorney General Eric Schneiderman announced Monday a settlement was reached with online food ordering sites GrubHub and Seamless following their merger last May to ensure strong competition. Reports, some of which have questioned the need for such measures in a market with every few well-known competitors, said the settlement will ban the merged company from making exclusivity agreements with certain vendors and that they must cut any existing exclusivity agreements in the next 45 days. According to a statement from AG Schneiderman’s office, the settlement “ensures that no single online platform will have a monopoly on access to Manhattan restaurants.” The ban on exclusivity agreements will expire after 18 months, however, but the company will be required to inform the AG’s office of any new contracts for the following six months.

Full Content: Beta Beat

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.