Tech Company M&A Transactions
Postmates Acquisition
On 7/6/2020, Postmates was acquired by Uber. Financial terms set the valuation at $2.7 billion.
Transaction Overview
Company Name
Acquired By
Announced On
7/6/2020
Transaction Type
M&A
Amount
$2,650,000,000
M&A Terms
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. The deal will be paid for with all stock.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
201 3rd St. 200
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Website
Email Address
Not Recorded
Overview
Postmates is transforming the way local goods move around a city by enabling anyone to get any product delivered in under one hour. Postmates' revolutionary urban logistics & on-demand delivery platform connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bastian Lehmann
Co-Founder
Sean Plaice
Co-Founder
Sam Street
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