Postmates News, Photos, Videos and Tweets

Daily Crunch: Uber confirms Postmates acquisition

You may have noticed that The Daily Crunch is publishing about six hours later than usual. Do not be alarmed! We decided that sending the newsletter later in the day was a better fit for the TechCrunch news cycle — hopefully, there will be fewer days when we …

postmates - TechCrunch
3:10pm PDT - July 6th, 2020

Uber plans to gobble up delivery rival Postmates in $2.6 billion deal

Analysts have been expecting the delivery apps to consolidate; now they are.

postmates - Ars Technica
9:15am PDT - July 6th, 2020

Why investors are cheering the Uber-Postmates deal

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%. Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impacts? It appears that investors are heartened that Uber has …

postmates - TechCrunch
8:52am PDT - July 6th, 2020

Uber buys Postmates for $2.65 billion — and traders are into it

Ride-hailing giant Uber‘s stock price jumped more than 5% on Monday following its purchase of delivery service Postmates for $2.65 billion. Uber confirmed the deal in a Monday press release after a flurry of reports over the weekend. The acquisition comes les…

postmates - The Next Web
7:47am PDT - July 6th, 2020

Three major deals to have on your radar, post July 4th

Uber buys Postmates, Warren Buffett makes his first pandemic-era deal, and the UAE is buying cows.

postmates - Fortune
7:00am PDT - July 6th, 2020

Uber acquires meal delivery service Postmates for $2.65 billion

Uber has made a deal to acquire Postmates to bolster its Uber Eats delivery business. They expect the $2.65 billion deal to close in Q1 2021.

postmates - The Verge
5:29am PDT - July 6th, 2020