Aramark spins off remaining stake in Seamless to its shareholders

Tom Paine

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Philly-based food service giant Aramark announced today that it had spun off its remaining stake in New York-based Seamless (originally SeamlessWeb), the online food ordering pioneer, to Aramark shareholders. Aramark acquired Seamless in 2006. Early investors included the Conshohocken-based VC firm now known as Artists & Instigators.

Last year Aramark sold what it described as a minority stake in Seamless to Spectrum Equity for $50 million and relinquished operating control.

Jason Finger, who founded Seamless in 1999, left the company in 2010. Earlier this year he joined IAC as CEO of its CityGrid Media unit (which by the way includes UrbanSpoon).

This interview with Finger from 2009 recounts the history of Seamless.



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