Close-up of the sign for the popular app-based food delivery service and supplies Postmates, in the Gourmet Ghetto (North Shattuck) neighborhood of Berkeley, California, October 6, 2017.
Smith / Gado Collection | Stock Photos | fake pictures
Ridesharing company Uber Technologies has agreed to a deal to buy the Postmates food delivery app in a $ 2.65 billion stock deal, Bloomberg News reported Sunday night, citing people familiar with the matter.
The deal has been approved by Uber’s board and could be announced as early as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of Uber’s food delivery business, Uber Eats, is expected to continue to lead. the combined delivery business.
Uber and Postmates did not immediately respond to a request for comment from Reuters.
Last week, Reuters reported that Postmates revived plans for an initial public offering following a deal in the US online food delivery services sector that sparked acquisition interest in the company.
Postmates was last valued at $ 2.4 billion, when it raised $ 225 million in a private fundraising round last September.
Founded in 2011, San Francisco-based Postmates represented 8% of the US food delivery market in May, according to analyst firm Second Measure.
Uber also had plans to acquire Grubhub through its Uber Eats business, but pulled out of the deal as Just Eat Takeaway.com finally struck a $ 7.3 billion deal last month to buy the online food delivery company. from the USA
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