High Tech > Fundings & Exits

After losing Grubhub, Uber reportedly hails Postmates

1 month ago   |   By TechCrunch

Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times .
According to the Times, the talks are still ongoing and the deal could fall through.
For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing company was reportedly pursuing an acquisition of Grubhub, another food delivery company. Grubhub was ultimately acquired by Just Eat Takeaway in a $7.3 billion deal , but only after the deal with Uber fell through over a variety of concerns.
Food delivery market...
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Uber offers to buy out Postmates, says NYT

Uber offers to buy out Postmates, says NYT

1 month ago   |   By The Verge

Photo by Horacio Villalobos Corbis/Corbis via Getty Images
Uber has made an offer to buy food delivery company Postmates, according to a report in The New York Times. The report doesn't say how big the deal would be, but it could be finalized as soon as tonight; discussions are said to be ongoing.
Demand for Uber's ride-hailing business has plummeted during the coronavirus pandemic as people stay at home, but the same circumstances have driven a huge increase in food delivery orders. Uber has been looking for ways to boost its food service, Uber Eats, after laying off more than a quarter...
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Uber is reportedly trying to buy Postmates

1 month ago   |   By Engadget

Uber might have missed its chance to buy Grubhub, but it might not go away empty-handed. New York Times sources claim Uber has made an offer to buy Postmates. The talks are still in progress and aren't guaranteed to lead to a union, but negotiations...
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Uber reportedly looking to buy Postmates delivery service - CNET

1 month ago   |   By CNET

A deal for the delivery service could come very soon, the New York Times reports.
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Uber Makes Offer to Buy Postmates Delivery Service

1 month ago   |   By NY Times

The ride-hailing company has been trying to expand its food-delivery business to compensate for the collapse of its main business.
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