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TechCrunch

After losing Grubhub, Uber reportedly hails Postmates – TechCrunch


Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times.

According to the Times, the talks are still ongoing and the deal could fall through.

For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing company was reportedly pursuing an acquisition of Grubhub,  another food delivery company. Grubhub was ultimately acquired by Just Eat Takeaway in a $7.3 billion deal, but only after the deal with Uber fell through over a variety of concerns. Read More

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The Verge

Uber offers to buy out Postmates, says NYT


Uber has made an offer to buy food delivery company Postmates, according to a report in The New York Times. The report doesn’t say how big the deal would be, but it could be finalized as soon as tonight; discussions are said to be ongoing.

Demand for Uber’s ride-hailing business has plummeted during the coronavirus pandemic as people stay at home, but the same circumstances have driven a huge increase in food delivery orders. Uber has been looking for ways to boost its food service, Uber Eats, after laying off more than a quarter of the company’s overall workforce. Read More

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Engadget

Uber is reportedly trying to buy Postmates


It’s no secret as to why Uber might want to buy Postmates. This would expand its food deliveries and help offset tanking demand for its core ridesharing business. It would also counter Just Eat’s acquisition of GrubHub. We’d add that the two companies are political allies — both are trying to thwart California’s gig worker law and keep their couriers as contractors rather than full employees.

For Postmates, a deal might be crucial. The company hasn’t fared as well against its heavyweight rivals, and Uber could either rejuvenate the brand or fold it into Uber Eats. While it wouldn’t be the independent success Postmates might have hoped for, it would be better than falling behind the better-financed competition. Read More