Uber, Postmates agree on $2.65bln all-stock deal – Bloomberg News – ZAWYA

Uber, Postmates agree on $2.65bln all-stock deal – Bloomberg News – ZAWYA

Uber, Postmates agree on $2.65bln all-stock deal - Bloomberg News | ZAWYA MENA Edition HomeMarketsEquitiesArticleUber, Postmates agree on $2.65bln all-stock deal - Bloomberg News Postmates was last valued at $2.4bln    Image used for illustrative purpose. A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019.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 delivery business, Uber Eats, is expected to continue to run the combined delivery business.Uber and Postmates did not immediately respond to a Reuters request for comment.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 delivery business, Uber Eats, is expected to continue to run the combined delivery business.Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery