Uber acquiring food-delivery app Postmates for $2.65B

Uber is acquiring food-delivery app Postmates for $2.65 billion in stock, less than a month after it tried and failed to acquire rival Grubhub. The combination of Uber’s UberEats food-delivery app with Postmates will control 37 percent of the food delivery business in the US and would be second to Doordash, which controls 45 percent […]

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Uber agrees to buy Postmates with $2.65 billion all-stock deal

Ride-sharing company Uber Technologies Inc. has agreed on a deal to buy food-delivery app Postmates Inc. in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people familiar with the matter. The deal has been approved by Uber’s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head […]

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Uber wants to buy Postmates for $2.6B following GrubHub fallout

Uber is in talks to purchase Postmates for roughly $2.6 billion following the collapse of its takeover deal with Grubhub, according to reports. The deal would further consolidate the food delivery industry at a time when the coronavirus pandemic has demand soaring. It would also strengthen Uber’s delivery arm, Uber Eats, which is unprofitable despite […]

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