Uber scoops up Postmates for $3.8 billion

By on
Uber scoops up Postmates for $3.8 billion

In 'everyday' delivery push.

Uber Technologies acquire Postmates for US$2.65 billion (A$3.8 billion) to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service. The all-stock deal, still subject to ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.

Most Read Articles

Log In

  |  Forgot your password?