Site icon Digital Commerce 360

Uber to buy Postmates for $2.65 billion to expand delivery

(Bloomberg)—Neither Uber Technologies Inc. nor Postmates Inc. are profitable. They’re hoping that a combination of the two businesses will somehow get them there. Uber said Monday it will spend $2.65 billion for the San Francisco-based food delivery company Postmates. The all-stock transaction is a bid to accelerate a path to profitability set by Uber CEO […]

Exit mobile version