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Uber tried (and failed) to buy Grubhub, but it snagged Postmates

Uber tried (and failed) to buy Grubhub, but it snagged Postmates

It’s official: Uber Eats is joining forces with another restaurant food delivery app.

In a deal announced Monday, Uber agreed to acquire Postmates for $ 2.65 billion. The acquisition was rumored last week after Uber’s failed bid to buy delivery competitor Grubhub in June.

Postmates is less popular than Uber Eats, with only about 8 percent of the U.S. delivery market. Combined, Postmates and Uber Eats have about 30 percent of the market, compared to Grubhub’s 23 percent. Grubhub was bought by a Dutch company, Just Eat Takeaway, last month. 

Uber avoided antitrust scrutiny after its Grubhub talks fell apart, but could face new questions over its acquisition of Postmates.  Read more…

More about Postmates, Delivery App, Uber Eats, Tech, and Food
Mashable

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