Uber acquires meal delivery service Postmates for $2.65 billion
Photo by CHRIS DELMAS/AFP via Getty Images
Uber will acquire food delivery service Postmates in a $2.65 billion all-stock deal intended to give the ride-hail company a much-need jolt after its offer to buy Grubhub fell apart amid antitrust scrutiny.
Postmates’ app will continue to run separately after the acquisition, but it’ll be able to tap into a merchant and delivery network combined with Uber Eats. Uber says this will mean more restaurant options for consumers and more efficient deliveries for drivers who pick up multiple orders at a time. The companies intend for the deal to close in Q1 2021.
Uber desperately needs its meal delivery division, Uber Eats, to make up for the huge losses it’s been experiencing since the start of the coronavirus pandemic. Food delivery is not...
from The Verge - All Posts https://ift.tt/3e5Yfvf
Related Posts :
Nvidia’s new RTX 2060 12GB graphics card is coming to quell shortages- A new Matrix Resurrections trailer is all about change
- Frances Haugen is kicking Congress into gear on 230 reform
- Amazon Alexa can now respond to running water and bleeping appliances
- Jack Dorsey’s Square is changing its name to Block
0 Response to "Uber acquires meal delivery service Postmates for $2.65 billion"
Post a Comment