Uber Acquires Food Delivery Service Postmates for $2.65 Billion

Uber Technologies, known for its vehicle dispatch service and food delivery service Uber Eats, has announced that it will acquire Postmates, which also handles food delivery, for $2.65 billion (about 284 billion yen).

Uber Technologies, Inc.-- Uber to Acquire Postmates

Uber, Postmates deal would dominate Los Angeles, Miami markets-Reuters
https://uk.reuters.com/article/us-postmates-ma-uber-antitrust/uber-postmates-deal-would-dominate-los-angeles-miami-markets-idUKKBN2472OT

Uber and Postmates have already reached a final deal on the acquisition, and a majority of Postmates shareholders have also announced their support for the acquisition. The acquisition is expected to close in the first quarter of 2021 with shareholder approval and regulatory approval.

Doordash ranks first in the US food delivery market, Grubhub ranks second, and Uber Eats operated by Uber Technologies ranks third.

Uber Technologies has received a blow to both the dispatch food delivery by the corona epidemic, but was aiming to merger with Uber Eats and Grubhub, industry merger of the second place and third place anti-trust laws that do not violate Participants pointed out that the merger negotiations were terminated in June 2020. Since then, Grubhub has been acquired by Just Eat Takeaway, a food delivery service company based in Amsterdam, the Netherlands, for $7.3 billion.

Postmates has the fourth largest market share in the United States, and Uber Eats has surpassed Grubhub to become the second largest in the United States.

The food delivery service industry is undergoing restructuring not only in the United States, but for example, the world's largest online market company based in China-Alibaba's food delivery service-Ele.me is the largest search engine in China.・We have acquired Baidu Waimai, which is operated by Baidu.