Aramark Spins Off SeamlessWeb

Aramark is spinning off its SeamlessWeb online and mobile food ordering service following the sale of a minority stake in the service to private equity firm Spectrum Equity Investors. In the deal, Aramark received $50 million from Spectrum, which specializes in investing in digital media and e-commerce businesses. Aramark still retains majority ownership of the business, which will now operate as a standalone enterprise rather than a unit under the Aramark corporate umbrella.

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