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Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal

News Tech
Published on 07/06/2020 @ 4 PM EST

As reported by Techcrunch, "In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats, keeping the Postmates  app running while merging some of the tech and delivery operations at the back end — for example, by having drivers delivering orders for both businesses."

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