United States  

Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

TechCrunch Monday, 6 July 2020
Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats and keep the Postmates running, it said, while merging operations at the back […]
0
shares
ShareTweetSavePostSend
 
Video Credit: Cheddar Inc. - Published
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.

You Might Like


Related videos from verified sources

Uber's Acquisition of Postmates Heats Up the Food Delivery Wars [Video]

Uber's Acquisition of Postmates Heats Up the Food Delivery Wars

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.

Credit: Cheddar Inc.     Duration: 06:46Published
Uber Purchases Postmates for $2.65 Billion [Video]

Uber Purchases Postmates for $2.65 Billion

Uber Purchases Postmates for $2.65 Billion The deal to combine the two services was announced on Monday. Under the all-stock deal, Postmates will be combined into Uber's Uber Eats platform. The..

Credit: Wibbitz Studio     Duration: 00:58Published

Related news from verified sources

How Postmates went from multiple IPO setbacks to a $2.65 billion takeover by Uber

How Postmates went from multiple IPO setbacks to a $2.65 billion takeover by Uber
· Uber has agreed to buy Postmates in a $2.65 billion all-stock deal announced on Monday. · Postmates had initially filed to go public last year, and has...
Business Insider Also reported by •SeattlePI.comSeattle TimesbizjournalsNewsmaxengadget

Uber to snap up takeaway app Postmates in all-stock deal

Uber Technologies Inc (NYSE:UBER) has agreed to buy food delivery app Postmates Inc in an all-stock deal worth around US$2.65bn. According to a Bloomberg report,...
Proactive Investors Also reported by •SeattlePI.comSeattle TimesbizjournalsTechCrunchNewsmaxBusiness Insiderengadget

Uber joins fight against coronavirus pandemic by offering contact tracing service

Uber Technologies Inc (NYSE:UBER), the ride-hailing giant, is reportedly playing its part in the fight to halt the spread of the coronavirus (COVID-19) by...
Proactive Investors


Tweets about this