Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

5:08am PDT - July 6th, 2020    uber stock - TechCrunch

Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats and…