Uber affords to purchase out Postmates, says NYT
Uber has made a suggestion to purchase meals supply firm Postmates, in line with a report in The New York Instances. The report doesn’t say how large the deal can be, but it surely may very well be finalized as quickly as tonight; discussions are stated to be ongoing.
Demand for Uber’s ride-hailing enterprise has plummeted throughout the coronavirus pandemic as folks keep at residence, however the identical circumstances have pushed an enormous improve in meals supply orders. Uber has been on the lookout for methods to spice up its meals service, Uber Eats, after shedding greater than 1 / 4 of the corporate’s general workforce.
Uber tried to purchase GrubHub earlier this 12 months, however the deal fell aside amid reported antitrust scrutiny and GrubHub ended up going to European service Simply Eat Takeaway for $7.three billion. Postmates would doubtless be a smaller deal; it’s a personal firm and its final valuation was $2.four billion. The corporate has already been in talks to promote itself to suitors together with DoorDash and GrubHub, in line with the Instances.
The Verge has contacted Uber relating to the potential deal.