Uber to Buy Postmates for $2.65 Billion

Uber to Buy Postmates for $2.65 Billion
A man walks into the Uber Corporate Headquarters building in San Francisco, California on February 05, 2018. JOSH EDELSON/AFP/Getty Images
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Less than a month after Uber tried and failed to buy Grubhub, the ride-hailing company has won a different deal to bolster its food delivery business.

Uber said Monday it has agreed to buy Postmates for $2.65 billion in an all-stock deal, calling the startup “highly complementary” to Uber Eats, its meal delivery service.