Uber has reached an agreement with Postmates for the former to purchase the food delivery company according to Business Wire. The deal is supposedly worth
Uber has reached an agreement with Postmates for the former to purchase the food delivery company according to. The deal is supposedly worth something in the region of $2.65 billion as part of an all-stock transaction. Uber has had to make many changes to its way of working during the pandemic. Firstly Uber pool was to stop people sharing cars. Secondly, the food delivery element of its company did its bit by $300k worth of food to care staff. However, this move sees a return to the company trying to expand its pick up and delivery empire. This move brings Uber’s food delivery and pick up services in line with Postmates delivery business in the US. The acquisition is one that makes a lot of sense and Postmates and Uber are highly complementary of each other.
