Uber Technologies Inc. is in discussions to purchase Postmates Inc. for about $2.6 billion, in line with individuals acquainted with the matter, the most recent in a rapid-fire sequence of strikes to consolidate the food-delivery trade.
Ought to a deal come collectively, it might be introduced subsequent week if not sooner, one of many individuals mentioned. However there is no such thing as a assure it’ll.
Postmates, which has held discussions with different attainable consumers since a minimum of final yr, has been concurrently planning an preliminary public providing. Simply Monday, individuals acquainted with the matter mentioned the carefully held meal-delivery startup was making ready within the coming days to make its IPO submitting public, which might presage a buying and selling debut later this summer time.
A mix would increase Uber’s food-delivery arm, Uber Eats, which already has a world footprint and the second-largest market share within the U.S. after DoorDash Inc., in line with analysis from Edison Traits.