Uber Is on the Verge of Buying Postmates, Report Claims

Uber is near buying on-demand supply firm Postmates, with a report suggesting a deal may very well be inked as quickly as tonight.

Three individuals claiming to have data of the matter informed the New York Instances that Uber has made a takeover supply, although cautioned that discussions had been nonetheless ongoing and will but lead nowhere.

Information of Uber’s curiosity in Postmates follows the ridesharing firm’s failed try to accumulate Grubhub, which was not too long ago snapped up by Europe-based Simply Eat Takeaway in a $7.three billion deal that made it the world’s largest on-line meals supply firm exterior of China.

Garen M/Artistic Commons

Buying Postmates may assist Uber to strengthen Uber Eats, its meal supply enterprise, because it seeks methods to spice up its revenue after the coronavirus pandemic decimated its predominant ridesharing enterprise. Whereas Postmates is a U.S.-only operation, Uber Eats operates globally however struggles to show a revenue.

The Instances factors out, such a deal may show additionally helpful for Postmates as the corporate has discovered it onerous to tackle bigger outfits in the identical recreation, amongst them DoorDash, Grubhub, and Uber Eats.

Apparently, Postmates is reported to have been in talks with DoorDash and Grubhub, too, with each corporations having additionally expressed an curiosity in buying the smaller enterprise.

Digital Developments has reached out to Uber and Postmates for affirmation of the discussions, and we are going to replace this text after we hear again.

Postmates launched in 2011 and is presently obtainable in additional than 4,200 cities in all 50 states and D.C. Whereas meal supply is a giant a part of its enterprise, it additionally delivers absolutely anything else you may instantly want. Certainly, one in every of its tag strains is, “We ship greater than dinner.”

Need to discover out extra about the perfect meal supply apps presently obtainable? Digital Developments has you lined.

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