The UK based on-line service LastMinute.com has purchased
on-line initiative UrbanBite.com, which promotes itself as the “one
stop click and get food-ordering service”. The UrbanBite.com web
site went live in the UK in October 2000 offering customers a
convenient food delivery service from a choice of over 450
restaurants in the UK and 100 in the Netherlands.
LastMinute.com has not announced its plans for the future of
UrbanBite.com, but the acquisition may provide the company with an
opportunity to expand its current booking services. The company has
revealed that it will issue 442,151 shares to fund the acquisition
and it hopes to complete the deal by 19th July.
