Uber Technologies eyes Postmates in $2.6-billion deal, plans expansion

Uber Technologies is in talks to purchase Postmates, said a person familiar with the discussions, seeking to expand food delivery services in the US and capitalise on a surge in orders during the coronavirus pandemic.

Postmates is alternatively exploring various paths to go public, said the person, who asked not to be identified because the discussions are private. One option it’s considering would involve merging with a special purpose acquisition company, the person said.

In the talks with Uber, a deal could value Postmates at $2.6 billion, according to the Wall Street Journal. Representatives for Uber and Postmates declined to comment. The