, Columnist
For Uber Eats, a Postmates Deal Is Better Than Nothing
The rationale for a merger is the same as it was when Uber was pursuing food-delivery rival Grubhub: improving profitability through consolidation.
Postmates would be more than just scraps for Uber Eats.
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Uber Technologies Inc. needs to act fast to buttress its food-delivery business. It now has a second chance and shouldn’t blow it.
Late Monday, the New York Times reported that Uber Eats-parent Uber Technologies Inc. made an offer to acquire Postmates Inc., citing people familiar with the matter. A deal for Postmates would value the company at around $2.6 billion and could be announced next week or sooner, according to the Wall Street Journal. Reuters also reported on Monday that Postmates is considering an initial public offering as well.