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Uber acquires Postmates for $2.6B in stock

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Uber has acquired rival food delivery service Postmates for about $2.6 billion in an all-stock deal, the two companies announced Monday.
July 6 (UPI) — Uber has acquired rival food delivery service Postmates for about $2.6 billion in an all-stock deal, the two companies announced Monday.
As part of the deal, Postmates‘ delivery service and relationships with small- and medium-sized restaurants will be paired with Uber’s Rides and Eats platform.

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