How the Uber and Postmates Merger Impacts the Industry

The food delivery market is quickly changing, and restaurateurs nationwide are left wondering how this evolution will affect their industry. On Monday, Uber and Postmates officially announced their $2.65 billion merger, which is scheduled to close in Q1 of 2021. This means the U.S. third-party delivery market has slimmed from four major players to three, with […]

Uber buys Postmates in deal where restaurants, delivery people and customers all lose

On Monday, Uber announced it was acquiring the food-delivery service Postmates for $2.65 billion in stock. While Uber says it will keep the Postmates app running as its own separate brand, the move effectively reduces the food-delivery industry from four major players — DoorDash, GrubHub (which owns Seamless), Postmates and Uber Eats — to three, and that could […]

How Postmates Will Help Uber Eats Turn Profitable

[Updated 7/8/2020] Uber Confirms Postmates Deal. How Will It Drive Profitability? On Monday, Uber confirmed that it will be acquiring food delivery service Postmates for approximately $2.65 billion in an all-stock transaction, as it looks for a path to profitability for the Uber Eats business that remains significantly loss-making, despite witnessing strong demand through the […]

Uber Eats + Postmates = Amazon-sized opportunity

Consolidation in food delivery is the most obvious rationale for the deal. But the chance to compete with e-commerce giants may pay even bigger dividends. Uber Technologies Inc.’s deal to acquire Postmates Inc. isn’t just about the need for consolidation in the food-delivery industry. The company also has its eyes on a bigger prize: nabbing business from Amazon.com Inc. and Walmart […]

MyTown2Go is Joining the delivery.com Network

NEW YORK, July 7, 2020 /PRNewswire/ — delivery.com, a leading destination for local online food ordering and delivery that connects consumers and corporate clients to their favorite local businesses, today announced it is significantly expanding the reach and capabilities of its platform.  This expansion is due to nationwide food delivery service MyTown2Go. MyTown2Go brands Dinner Dart in Mississippi, Go Cravy in Florida and […]

How Long Will UberEats Keep Its Appetite For New Acquisitions?

After trying unsuccessfuly to buy Grubhub and ending up in despairafter it was sold to European player Just Eat for $7.3 billion, Uber has announced the acquisition of another food delivery company, Postmates, for the much lower price of $2.65 billion, paid in full in shares. Basically, if you’re the third-largest food delivery company in terms of market share (22%) and you can’t buy the […]

Waitr Stock Is a Buy Thanks to Covid-19 and M&A Potential

Waitr (NASDAQ:WTRH) is best known on Wall Street as that online food delivery company which — unlike its peers — failed to succeed in a booming space. Waitr stock cratered for what seemed like a good reason. While the likes of GrubHub (NYSE:GRUB), Postmates and DoorDash command multi-billion dollar valuations, Waitr features a measly $250 million market cap, and the stock price has done […]

Uber agrees to buy Postmates with $2.65 billion all-stock deal

Ride-sharing company Uber Technologies Inc. has agreed on a deal to buy food-delivery app Postmates Inc. in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people familiar with the matter. The deal has been approved by Uber’s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of Uber’s food […]

After losing Grubhub, Uber reportedly hails Postmates

Uber  has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing […]

How The Grubhub Merger With Just Eat Takeaway Affects The U.S. Food Delivery Market

Rumors of an Uber/Grubhub merger swirled for nearly a month and no doubt such a tie up would have had major implications on the domestic market. The very idea of this combined company’s market share advantage spawned concerns over even higher commission fees, a significant pain point for restaurant operators increasingly reliant on delivery services.    […]