Uber reportedly looking to buy Postmates delivery service

Uber reportedly looking to buy Postmates delivery service

Uber is reportedly making an attempt to accumulate Postmates.

Angela Lang/CNET

Uber has made a suggestion to acquire the delivery service startup Postmates, the New York Occasions reported late Monday, citing nameless sources acquainted with the matter. A deal may comes as early as Monday night time, the newspaper reported.

Sources advised the newspaper that negotiations are nonetheless ongoing and will nonetheless finish and not using a deal being struck.

The acquisition may present a lift to UberEats, the ride-hailing startup’s food-delivery service. With many eating places’ eating rooms closed through the coronavirus pandemic, many individuals have seemed to supply and pickup providers like Postmates, UberEats, DoorDash and Grubhub for his or her meals. A survey by DoorDash in March discovered that 56% of 1,000 prospects stated their takeout consumption had elevated due to the pandemic.

Uber was stated to be trying to purchase rival food-delivery service GrubHub however reported exited merger talks amid antitrust concern. Grubhub now plans to merge with the Netherlands-based meals supply service Simply Eat Takeaway in a deal value $7.three billion.

Postmates declined to remark, whereas Uber did not instantly reply to request for remark.

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