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Waitr sold to Tillman Fertitta for $300M

Posted on 5/16/18 at 6:18 pm
Posted by Got Blaze
Youngsville
Member since Dec 2013
10200 posts
Posted on 5/16/18 at 6:18 pm
Chris Meaux, CEO and President of Waitr just sold his business to an acquisition investment company owned by Mr Fertitta (Golden Nugget, Houston Rockets, Salt Grass, Landry’s, etc...) . Waitr was founded in 2015 and barely 3 yrs old. Fertitta plans for the business to go public and be traded on the NYSE.

Why the phuck I didn’t think of that
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78683 posts
Posted on 5/16/18 at 6:21 pm to
Should we expect a decline in quality now that it has been sold?
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139229 posts
Posted on 5/16/18 at 6:27 pm to
figured they'd be worth more than that
Posted by Notro
Alison Brie's Boobs
Member since Sep 2011
7941 posts
Posted on 5/16/18 at 6:33 pm to
Only $50MM in cash tho...

quote:

Landcadia Holdings Inc. is paying Waitr’s backers at least $50 million in cash and the rest in stock in a deal that will bring the food-delivery company public.


Bloomberg
Posted by J Murdah
Member since Jun 2008
40232 posts
Posted on 5/16/18 at 6:42 pm to
quote:

Should we expect a decline in quality now that it has been sold?
quality of what? delivery?
Posted by udtiger
Over your left shoulder
Member since Nov 2006
117205 posts
Posted on 5/16/18 at 6:42 pm to
quote:

Only $50MM in cash tho


I love TD
Posted by Notro
Alison Brie's Boobs
Member since Sep 2011
7941 posts
Posted on 5/16/18 at 6:51 pm to
I wonder how much Drew is gonna make off this?
This post was edited on 5/16/18 at 7:02 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/16/18 at 7:12 pm to
Interesting. Not t really.
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 5/16/18 at 7:24 pm to
I think he originally invested $10mil

UberEats > Waitr
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71840 posts
Posted on 5/16/18 at 7:35 pm to
quote:

Should we expect a decline in quality now that it has been sold?



I don't know, how are the Rockets doing?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78683 posts
Posted on 5/16/18 at 8:06 pm to
About to lose the western conference finals
Posted by BRgetthenet
Member since Oct 2011
118270 posts
Posted on 5/16/18 at 8:19 pm to
quote:

Should we expect a decline in quality now that it has been sold?






Expect stocks to rise sharply among mid day trading, and to drop by the market’s closing on Thursday due to discussions of the Waitr App sale and investor’s fears.





















I’m Bruce Vail










Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/16/18 at 8:42 pm to
You sound salty.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78683 posts
Posted on 5/16/18 at 9:01 pm to
Posted by Statestreet
Gueydan
Member since Sep 2008
13901 posts
Posted on 5/16/18 at 9:02 pm to
Fertitta should improve the quality
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71840 posts
Posted on 5/16/18 at 9:08 pm to
quote:

About to lose the western conference finals


Yea

But nah
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