{"id":390705,"date":"2020-12-01T09:03:30","date_gmt":"2020-12-01T14:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390705"},"modified":"2020-12-01T09:03:30","modified_gmt":"2020-12-01T14:03:30","slug":"uber-completes-acquisition-of-postmates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/uber-completes-acquisition-of-postmates\/","title":{"rendered":"Uber Completes Acquisition of Postmates"},"content":{"rendered":"

<\/p>\n

Uber Completes Acquisition of Postmates<\/b><\/p>\n

Combination of platforms provides more choice and convenience for consumers, new demand and tailored technology offerings for restaurants, and increased income opportunities for delivery people<\/i><\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nUber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations.\n<\/p>\n

\nAs previously announced, the transaction brings together Uber\u2019s global Mobility and Delivery platform with Postmates\u2019 beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network.\n<\/p>\n

\nIn connection with the closing, Uber has signaled its commitment to the success of the restaurants and merchants who use its technology to reach customers and delivery people by announcing a national listening tour<\/a>. These efforts are designed to better understand merchants\u2019 needs, and to continue to develop products, services, and policies that protect their interests.\n<\/p>\n

\n\u201cUber and Postmates have long been committed to powering delivery services that support local commerce and communities, all the more important during crises like the one we face today. We\u2019re thrilled to bring these two teams together to continue to innovate, bringing ever-better products and services for merchants, delivery people, and consumers across the country,\u201d said Uber CEO Dara Khosrowshahi.\n<\/p>\n

\n\u201cWe built Postmates to empower local commerce and bring the best of your city to your home, especially in cities like Los Angeles and across the southwest,” said Bastian Lehmann, co-founder and CEO of Postmates. \u201cI’m confident that alongside Uber Eats we will create even more opportunities for our customers, continue to drive growth for our merchants, and deliver unique earning opportunities for our Postmates.\u201d\n<\/p>\n

About Uber <\/b><\/p>\n

\nUber\u2019s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.\n<\/p>\n

About Postmates<\/b><\/p>\n

\nPostmates is a leader in delivering your favorite restaurants and a whole lot more on-demand. The platform gives customers access to the most selection of merchants in the US with more than 600,000 restaurants and retailers available for delivery and pickup. The market leader in Los Angeles, Postmates covers 80% of US households, across all 50 states. Customers can get free delivery on all merchants by joining Postmates Unlimited, the industry’s first subscription service. Learn more or start a delivery by downloading the app or visiting www.postmates.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201201005727\/en\/<\/a><\/span><\/p>\n

Press:
\n<\/b>
For Uber:
\n
press@uber.com<\/a><\/p>\n

\nFor Postmates:
\n
press@postmates.com<\/a><\/p>\n

Investors and Analysts:
\n<\/b>
For Uber:
\n
investor@uber.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Transportation Data Management Technology Travel Other Transport Food\/Beverage Transport Retail Software Internet Mobile\/Wireless<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Uber Completes Acquisition of Postmates Combination of platforms provides more choice and convenience for consumers, new demand and tailored technology offerings for restaurants, and increased income opportunities for delivery people SAN FRANCISCO–(BUSINESS WIRE)– Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations. As previously announced, the transaction brings together Uber\u2019s global Mobility and Delivery platform with Postmates\u2019 beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network. In … <\/p>\n

Continue reading “Uber Completes Acquisition of Postmates”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390705","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUber Completes Acquisition of Postmates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/uber-completes-acquisition-of-postmates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber Completes Acquisition of Postmates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Uber Completes Acquisition of Postmates Combination of platforms provides more choice and convenience for consumers, new demand and tailored technology offerings for restaurants, and increased income opportunities for delivery people SAN FRANCISCO–(BUSINESS WIRE)– Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations. As previously announced, the transaction brings together Uber\u2019s global Mobility and Delivery platform with Postmates\u2019 beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network. 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