Uber buys Postmates in $2.65 billion all-stock deal

Uber buys Postmates in $2.65 billion all-stock deal

3 years ago
Anonymous $qOHwDUKgAF

https://apnews.com/555231c0f70c9767382f75a3da4f2c32

SILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday.

Uber and its Uber Eats food-delivery division will gain ground against DoorDash, which controls about 37% of the U.S. food delivery market. That's compared with Uber Eats' 20% share before the Postmates deal. Grubhub holds around 30% of the U.S. food delivery market, according to Second Measure, a data analysis company.