News broke last week that Uber and Postmates were negotiating a take over. This morning, Uber and Postmates announced that a deal had been reached.
Uber will buy Postmates for 2.65 billion dollars worth of stock. Postmates will fall under current Uber Eats management. Bloomberg reports that Bastian Lehmann and his team will stay on to manage Postmates as a separate service. The deal is expected to close early in 2021.
I wrote earlier about some of the things I thought would happen if a deal goes through. Now that we have confirmation, here are some key takeaways about Uber’s acquisition of Postmates.[Read more…] about It’s Official: Uber is Buying Postmates. Five Takeaways and Six Questions