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startups uber/lyft

Uber to Acquire Postmates for About $2.6 Billion

By
Amir Efrati
· · Source: The Information

Uber, owner of Uber Eats, unveiled an all-stock takeover of smaller restaurant-food delivery rival Postmates for $2.65 billion, the companies announced Monday. The upshot: Uber Eats will gain some market share when the deal closes following regulatory approval, but it likely won’t be a game changer in the race to catch market leader DoorDash. For Uber, the deal is a letdown of sorts because its...

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