Uber is acquiring food-delivery app Postmates for $2.65 billion in stock, less than a month after it tried and failed to acquire rival Grubhub.…
Uber is acquiring food-delivery app Postmates for $2.65 billion in stock, less than a month after it tried and failed to acquire rival Grubhub.
The combination of Uber’s UberEats food-delivery app with Postmates will control 37 percent of the food delivery business in the US and would be second to Doordash, which controls 45 percent of the market, according to Edison Trends.
Grubhub, which agreed last month to be acquired by Netherlands-based Just Eat Takeaway.
