Financial terms of the sale were not disclosed.
The T. Rowe Price shareholders acquired an ownership stake in the company following the close of the GrubHub Seamless merger transaction by purchasing some shares from early investors.
The amount of the transaction was not disclosed.
Led by Matt Maloney, CEO, GrubHub Seamless provides online and mobile ordering platforms that allow diners and 4,000+ corporate businesses to order directly from approximately 25,000 takeout restaurants in more than 500 U.S. cities and London.
The company, which has offices in Chicago, New York City, Salt Lake City and London, owns a portfolio of brands that includes: