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Uber to acquire Postmates for $2.65 billion after losing out on Grubhub deal

USATODAY.com Monday, 6 July 2020
Uber is going to acquire Postmates for $2.65B. The move would come after Uber's business took months of major losses due to coronavirus.
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News video: Uber Purchases Postmates in More Than $2.5 Billion Deal

Uber Purchases Postmates in More Than $2.5 Billion Deal 00:17

Uber acquires Postmates in a $2.65 billion deal that will allow Postmates to continue to operate as a separate business.

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Uber Uber American peer-to-peer ridesharing, freight, food delivery, and transportation network company

Uber teams with Thames Clippers for boat service [Video]

Uber teams with Thames Clippers for boat service

Uber has joined up with Thames Clippers for the launch of its new service UberBoat. The service, which commences in London on Monday, will allow users topurchase tickets for Thames Clippers boats in advance through the Uber app andthen use QR technology to board. The payment will be processed using Uberaccount details. Passengers will be able to use the service across a fleet of20 boats on the River Thames, with departures from 23 piers across London.

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California’s Air Resources Board wants to cap emissions from vehicles being used for companies like Uber and Lyft. These rideshare app businesses have an infamously tumultuous history with labor regulators in their home state. However, Gizmodo Earther reports they seem far more receptive to going green than they are to sufficiently compensating their workforce. The proposal would mandate that 60% percent of miles traveled by Uber and Lyft vehicles be in electric vehicles by 2030.

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Uber Sharing User Data To Help Track CoronaVirus [Video]

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Business Insider reports that Uber is using its resources to help track and trace the corona virus. Uber unveiled an initiative to share user data on drivers or riders who may have come into contact with coronavirus-infected individuals. The data will be shared with global public health officials to aid contact tracing efforts. Public health officials will be able to view the data and give Uber advice on the step it can take to minimize exposure to their customers and employees.

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Uber was defending its business model on Tuesday at Britain's Supreme Court in a battle over rights in the workplace that could have ramifications for millions of Britons earning a living in the gig economy. Lauren Anthony reports.

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Postmates Postmates American goods delivery company

Uber Looking To Buy Postmates [Video]

Uber Looking To Buy Postmates

The NY Times and Business Insider report that Uber is holding acquisition talks with food delivery startup Postmates. Earlier this year Uber was reported to be holding acquisition talks with Grubhub. But those talks reportedly fell through. In mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and would be more amenable to a take-over.

Credit: Wochit News    Duration: 00:27Published
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Grubhub On-demand restaurant food delivery service

Grubhub Gets Acquired By European Food-Delivery Service [Video]

Grubhub Gets Acquired By European Food-Delivery Service

Just Eat Takeaway, a food-delivery service based in Europe, bought Grubhub. According to Gizmodo, while sales have spiked, operation costs have also been high. The acquisition of Grubhub makes it the largest digital food delivery service operator outside of China. Stories analyzing the deal pointed out a European deal was less likely to get blocked by antitrust regulators. Before Just Eat Takeaway acquired Grubhub, Uber wanted to also buy the food-delivery service.

Credit: Wochit News    Duration: 00:32Published
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Food delivery services continue to grow in popularity amid the coronavirus pandemic. In this deep dive, Cheddar examines Uber's acquisition and the current state of competition in the industry.

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