SILVER SPRING, Md. — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers’ desire for rides while boosting home delivery needs.
Uber Buys Postmates, Ups Delivery Game In $2.65 Billion Deal
Matt Ott, Cathy Bussewitz, Denver Post: Business
Mon, 07/06/2020 - 12:10pm
Topics: silver spring md uber s dara khosrowshahi ceo uber eats measure we amsterdam-based just eat takeaway chicago s grubhub the panda express march washington to-gogo josh saltzman smaller stephen beck third-party david portalatin group it s unfortunately april wedbush securities u.s the related articles company colorado air space port empower retirement personal capital pandemic chuck e cheese san francisco shares uber technologies inc ap business writers alexandra olson new york dee-ann durbin ann arbor michigan uber uber uber uber eats the u.s postmates grubhub portalatin in the colorado delivery billion deal food restaurants service market restaurant monday year orders platforms companies consolidation compared month lot customers quarter time home good everyday claims delivered top build groceries ride-hailing rides costs acquiring category capacity close vision industry bigger create expected start division
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