Uber Wants to Buy Postmates for $2.6 Billion

This post may contain affiliate links; please read our advertiser disclosure for more information.

Uber Wants to Buy Postmates for $2.6 Billion

Uber has turned its attention to acquiring Postmates after its deal to buy Grubhub fell apart earlier this month. With travel demand still far from normal, Uber is looking for new ways to generate revenue and Uber Eats has provided a boost. And now in an attempt to increase its market share in the delivery services, Uber has made a takeover offer to buy Postmates, according to NYT. Uber’s offer is valued at about $2.6 billion.

Postmates has also received an offer from a special purpose acquisition company as it simultaneously makes plans to go public. A special purpose acquisition company (SPAC) is a company with no commercial operations that acquires private companies for the sole purpose of transitioning them to publicly traded entities. Postmates hasn’t decided yet which path to take, but a decision could come very soon.

Postmates is one of the earliest start-ups to offer a courier service that could deliver almost anything. But Postmates is now lagging behind its competitors and is now the fourth largest U.S. food delivery service by market share. Postmates launched in 2011 and only operates in the United States. It is currently available in more than 4,200 cities in all 50 states and D.C..

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!