Under the deal, Uber Eats will continue to be run by Vice President Pierre-Dimitri Gore-Coty, while Postmates will run as a separate service, still led by CEO Bastian Lehmann and his team.
The deal will help shore up Uber Eats’ position in the U.S. food delivery market, which is currently dominated by DoorDash which holds 45% of U.S food delivery sales. The agreement comes after Uber pulled back from its bid to takeover GrubHub following scrutiny from antitrust authorities.Talks between Uber and Postmates had been in the works for years, but discussions picked up again last week, Bloomberg reports.That’s the percentage of food delivery sales that a combined Uber Eats and Postmates would control, according to Edison Trends
Source: Education Headlines (educationheadlines.net)
Yeap... I now work from home. I gained 20 pounds. EVERYTHING I think I know comes from the idiot box. FASCINATING.
I know what I’m buying in the aye emmmmmm
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Uber to acquire Postmates in $2.6 billion deal: Reports - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for Business card, Logo, Banner, flyer? Order me or contact me for your design.. death for postmates Uber is that disruptive mirror example of everything wrong with the market
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber to buy Postmates for $2.65 billion: reportsUber Technologies Inc. has agreed to purchase food-delivery service Postmates for around $2.65 billion, according to media reports Sunday night. Bloomberg News and the New York Times both reported the deal, which is expected to be formally announced as soon as Monday. Postmates would be absorbed into the Uber Eats service, with Uber Eats chief Pierre-Dimitri Gore-Coty running the combined company, the reports said. Reports of a pending deal first surfaced last week, after Uber failed in a bid earlier this year to acquire rival food-delivery company GrubHub. Yes please consolidate all the negative profit companies. How much profit they hv a year now...? Is this good or bad for Uber stock?
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber, Postmates agree on $2.65 billion all-stock deal: Bloomberg NewsRide-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported https://bloom.bg/2Z0TVcd late Sunday, citing people familiar with the matter. I seriously dont care Congrats naval 🙏🏼 That means more and more fees
Source: Reuters - 🏆 2. / 97 Read more »
Top Wall Street analysts are betting on stocks like Tesla and Uber for the third quarterWe used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts. Porsche SE is quite interesting. They own 53% of VW. Tesla stocks have shown to grow in value steadily, and just recently they topped $1200. They might hit $2000 in a year. I love both stocks. Lift is awesome also.
Source: CNBC - 🏆 12. / 72 Read more »