Louisiana-based food delivery service Waitr purchased in $308M deal
A food delivery service based out of Louisiana is being purchased for $308 million.
Bloomberg is reporting that Landcadia Holdings Inc., a company run by Houston Rockets owner Tilman Fertitta, is paying Waitr’s backers at least $50 million and the remainder in a stock deal that will take the company public.
The report says the Lake Charles-based company’s name will be changed to Waitr Inc. Its management will remain in place as Fertitta joins its board.
Since it first launched about five years ago, Waitr primarily served Louisiana and Texas, partnering with thousands of restaurants which paid to be featured in the app.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
LSU to wear uniforms saluting fallen WWI heroes Saturday
Late start at Donaldsonville schools continue
Local family struck by tragedy hope to win national Christmas-decorating contest
Scams, elder financial exploitation focus of town hall
EBRSO: Student arrested after pulling loaded gun during argument at local middle...