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Uber acquires food delivery startup Postmates for $2.65 bn in all-stock deal
short by Pragya Swastik / on Monday, 6 July, 2020
Uber on Monday announced it has acquired food delivery startup Postmates, the fourth-largest US delivery service, in a $2.65 billion all-stock deal. Uber plans to run Postmates business alongside its own food delivery business, Uber Eats, keeping the Postmates app running. Uber was earlier in talks to buy Grubhub, which was later bought by European food delivery service Just Eat.
read more at TechCrunch