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Uber acquires Postmates in $2.65 billion deal

Uber acquires Postmates in $2.65 billion deal

Uber is buying the delivery app Postmates in a $2.65 billion all-stock deal, bolstering its food-delivery business at a time when its ride-hailing business has plunged 75% in the second quarter. While Uber’s meal delivery business, Uber Eats, has mostly focused on restaurants, Postmates delivers a wider array of goods including groceries, pharmacy items, alcoholic drinks and party supplies.

Simone
Simone
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