Uber Finalizes Postmates Acquisition for 2.65 Billion Dollars
SAN FRANCISCO, CA - Earlier in June of this year, Uber announced its interest in acquiring Postmates. Ever since Uber’s foray into meal delivery, the ride-share app has become a welcome industry partner—and this acquisition move only solidifies its standing. Today, the company has completed the acquisition of Postmates for $2.65 billion and both companies have begun the process of integrating their operations.
“Uber and Postmates have long been committed to powering delivery services that support local commerce and communities, all the more important during crises like the one we face today. We’re thrilled to bring these two teams together to continue to innovate, bringing ever-better products and services for merchants, delivery people, and consumers across the country,” said Uber CEO Dara Khosrowshahi.
According to a press release, this deal brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the United States to strengthen the delivery of food and grocery. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network.
In connection with the acquisition, Uber has also announced that it is taking a national listening tour, in which it will actively reach out to restaurants and merchants to better understand their needs.
“We built Postmates to empower local commerce and bring the best of your city to your home, especially in cities like Los Angeles and across the southwest,” said Bastian Lehmann, Co-Founder and CEO of Postmates. “I’m confident that alongside Uber Eats, we will create even more opportunities for our customers, continue to drive growth for our merchants, and deliver unique earning opportunities for our Postmates.”
Meal and grocery delivery continue to boom, and we here at AndNowUKnow watch the progress with excitement. What news will we bring you next?