Postmates

Business • Economy
Uber acquires Postmates for $2.65 billion
Uber acquires Postmates for $2.65 billion
Credit: Logos via Uber & Postmates

The ride-hailing company Uber has acquired the food delivery company Postmates for $2.65 billion. In a statement on Uber's website, the company announced the acquisition, stating: "Uber Technologies, Inc. and Postmates Inc. today announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion in an all-stock transaction."

"Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery—they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19," the statement continued.