Uber acquires Postmates food delivery service with $ 2.65 billion

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Board approved Uber company The acquisition of Postmates food delivery service in the amount of $ 2.65 billion is paid as shares.

The deal will help Uber compete in the food delivery market, especially in front of DoorDash, which failed to acquire GrubHub to increase its edge and distance from competitors.

The Postmates service is particularly strong and popular in Los Angeles and the Southwestern United States.

According to Bloomberg, he will join the service alongside Uber Eats to be supervised by Pierre-Dimitri Gore-Coty.

But Bastian Lehmann will remain CEO of Postmates and the service works independently.

The food delivery market in America is dominated by four major companies: DoorDash, GrubHub and Uber Eats in addition to Postmates, and now with this acquisition the competition has become less diversified, as well as a negative reputation about the work environment and the two companies deal with their employees.


Source:

Bloomberg





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