Uber agrees to acquire food delivery company Postmates

Hanno Labuschagne

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Uber agrees to acquire food delivery company Postmates

Uber Technologies Inc. has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.

Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run Uber’s combined delivery business, according to a person who asked not to be identified discussing a private deal.

It is not immediately clear what role, if any, Postmates Chief Executive Officer Bastian Lehmann will take up following the acquisition.

[Bloomberg]
 
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