Waitr Acquires Bite Squad for $321 Million

Freshly public food delivery service Waitr is acquiring rival delivery service Bite Squad for $321.3 million in a combination of cash and company stock, the company announced today. The acquisition will expand Waitr's footprint to 500 cities in 22 states, essentially doubling the size of the company. As of September 2018, Waitr operated in approximately 40 markets stretching across 235 cities and counted 7,700 restaurant partners and 842,533 active diners on its platform. The acquisition will increase Waitr's reach dramatically, as Bite Squad counted 11,000 restaurant partners and