Uber Technologies Acquires Postmates

December 18, 2020

Uber Technologies, Inc. agreed to acquire Postmates, Inc. in an all-stock transaction announced in November/December 2020 valued at approximately $2.65 billion. The deal combines Postmates' last-mile delivery and delivery-as-a-service capabilities with Uber's global Rides and Eats platform to create operational synergies, expand merchant reach, and improve batching and logistics efficiency.

Buyers
Uber Technologies, Inc.
Targets
Postmates, Inc.
Sellers
WP Global Partners, Postmates stockholders
Location
California, United States
Transaction Type
Buyout

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