United States  

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

Business Insider Tuesday, 7 July 2020
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 postponed gearing up for an IPO multiple times. 
· The company ultimately settled on the Uber deal because its shareholders could get Uber stock and the combined company...
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 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
Postmates Could Be Purchased by Uber for a Reported $2.6B [Video]

Postmates Could Be Purchased by Uber for a Reported $2.6B

After failing to reach a deal to buy rival Grubhub, Uber is reportedly eyeing a purchase of another food delivery startup; Postmates. Veuer’s Justin Kircher has more.

Credit: Veuer     Duration: 00:53Published

Related news from verified sources

Postmates Opts for Uber’s $2.65 Billion Takeover Offer Instead of an IPO

The meal delivery company was expected to file paperwork to go public this week.
Motley Fool


Tweets about this