Monday, 6 July 2020

Uber will acquire food-delivery startup Postmates in $2.6 billion all-stock deal, reports say

Uber will acquire food-delivery startup Postmates in $2.6 billion all-stock deal, reports say

Uber is set to acquire the food-delivery startup Postmates in a $2.6 billion deal, The New York Times and Bloomberg reported Sunday.People familiar with the matter told Bloomberg and The Times that the all-stock deal could be announced as soon as Monday. According to The Times, Uber is expected to merge Postmates with its popular homegrown food-delivery app Uber Eats.
Read more: https://www.businessinsider.in/international/news/uber-will-acquire-food-delivery-startup-postmates-in-2-6-billion-all-stock-deal-reports-say/articleshow/76807591.cms?source=Snapzu

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