Open Demo Account
Home / Market Update / Global Stock Market / Uber to Acquire Postmates in $2.65 B Deal

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.

Tags

Check Also

Rising U.S. Inflation Expectations Shake EUR/USD as Central Bank Decisions Loom

The EUR/USD currency pair is facing a notable decline as the U.S. dollar strengthens following …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends