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Uber to Acquire Postmates in $2.65 B Deal

M. Ali 6 July, 2020 6:26 pm Global Stock Market, Market Update

Uber Technologies announced that it plans to buy Postmates for a price of $2.65 billion, Reuters reported.

The ride-hailing app developer aims to expand its footprints in the food-delivery business.

Uber recently considered acquiring Grubhub, a US-based online food delivery company that entered last month into an acquisition deal by Just Eat Takeaway.com for $7.3 billion.

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