Home News Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal,...

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

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Uber is utilized to get food delivery startup Postmates at a $2.6 billion all-stock deal, both The New York Times and Bloomberg reported Sunday.
Postmates was co-founded by Bastian Lehmann, Sam Street, and Sean Plaice at 2011 and has grown to include a fleet of over 500,000 members and 600,000 retailers across 50 states. 
Last month, Uber dropped out to European meals delivery service Just Eat Takeaway at a deal to buy US-based Grubhub for $7.3 billion. In accordance with CNBC, Uber might have pulled from this deal over antitrust concerns. 
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Uber is set to get food delivery startup Postmates at a $2.6 billion deal, The New York Times and Bloomberg reported Sunday.

People told Bloomberg and The Times the all-stock deal may be announced as soon as Monday. According to The Times, Uber is predicted to merge Postmates using its popular food delivery program Uber Eats. See the rest of the story at Business Insider

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