Uber reportedly acquires Postmates for $2.65 billion

engadget

Published 06 Jul 2020

Uber has acquired online food delivery service Postmates for $2.65 billion in stock, according to the NY Times and Bloomberg. The deal is expected to help Uber better compete against food delivery giant DoorDash and will be a consolation prize after...

Full Article

Uber reportedly acquires Postmates for $2.65 billion

Uber reportedly acquires Postmates for $2.65 billion

You might like

Related news coverage

Affirm is reportedly eyeing an IPO that could value it at $10 billion. Here's how the buy now, pay later fintech became one of the breakout stars of 2020.

This Silicon Valley pharmacy, which powers Hims and Nurx, raised $39 million in three separate rounds with the same bare-bones pitch deck

Uber Eats Postmates for $2.6B, Bolsters Ground Game

This startup launched a drink-delivering robot but switched to a service that lets customers place their own food and drink orders. It just raised $3 million using this pitch deck

2020 is on track to see the fewest startup exits since 2011, which could spell trouble for the VC ecosystem

Advertisement

More coverage

Netflix CEO Reed Hastings says he's sticking around until 2030 (NFLX)

Meet the husband-and-wife team that run AngelPad, the exclusive startup accelerator whose early bet on Postmates just led to a $2.65 billion Uber acquisition

These are the execs leading Twitter as the company scrambles to get its house in order after the devastating hacker attack (TWTR)

Silicon Valley and Trump are united against TikTok — for different reasons

LEAKED: A decade before Postmates was acquired by Uber for $2.65 billion, its founder used this 13-slide pitch deck to sell his idea for the new delivery service (UBER)