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
- Industry
- Logistics & Distribution
- Location
- California, United States
- Transaction Type
- Buyout
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