GrubHub and Seamless, two U.S. Internet food ordering giants, announced a merging plan in a joint statement on Monday.

The merging will create a combined network of more than 20,000 local takeout restaurants covering over 500 cities across the US.

GrubHub CEO Matt Maloney will serve as CEO of the new company, while Seamless CEO Jonathan Zabusky will become president, according to the plan.

"We are excited to combine the strengths of these two dynamic organizations in an industry that is rapidly gaining traction," Maloney said in a statement.

The combined company's name and marketing brands is still undecided.

Agencies