Uber recently acquired the Postmates food delivery platform in a 2.65 billion USD deal, which is scheduled to close in the first quarter of 2021. The recent acquisition is now the largest American deal involving a food delivery platform. Uber also indicated that it will operate Postmates as a sperate platform from its existing Uber Eats app.
The deal will drastically increase Uber Eat's market share, especially in Los Angeles where it will have the largest market share of any food delivery service.
Dara Khosrowshahi, the Uber CEO, released a statement about acquiring Postmates, “As more people and more restaurants have come to use our services, Q2 bookings on Uber Eats are up more than 100 percent year on year. We’re thrilled to welcome Postmates to the Uber family as we innovate together to deliver better experiences for consumers, delivery people, and merchants across the country.”
Image Credit: Uber Eats