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Uber, Postmates Agree on $2.65 Billion All-Stock Deal

  • Uber plans to announce tie-up with food delivery rival Monday
  • Uber exec expected to continue to run Uber delivery business
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Uber Buying Postmates for $2.65 Billion to Expand Food Delivery
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Uber Technologies Inc. has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.

Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run Uber’s combined delivery business, according to a person who asked not to be identified discussing a private deal. Under their agreement, Postmates Chief Executive Officer Bastian Lehmann and his team will stay on to manage Postmates as a separate service, another person said.