![Uber to buy delivery service Postmates for $2.65 billion dollars in stock](/content/images/size/w720/wp-content/uploads/2020/07/w1280-p16x9-449f0988b56e09d2f17757ec6e4a051da7e61238.jpg)
Uber to buy delivery service Postmates for $2.65 billion in stock
Uber Technologies, Inc. has agreed to buy delivery service Postmates Inc. in a US$2.65 billion all-stock deal, the companies announced in a statement on Monday.
The deal is expected to close in the first quarter of 2021, subject to the approval of Postmates stockholders and other regulatory approvals.