Here’s what restaurants need to know about Uber Technologies buying Postmates
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Restaurant industry watchers predicted consolidation of the third-party meal delivery space to make the competitive space profitable for restaurants and the companies who deliver their meals.
Consolidation is fast becoming a reality during the coronavirus pandemic.
On Monday, Uber Technologies, which owns Uber Eats, announced plans to buy San Francisco-based Postmates in an all-stock deal valued at $2.65 billion. The merger of the two delivery players comes after Grubhub snubbed Uber’s advances last month by merging with a worldwide player, Just Eat Takeaway.
The next chess move for Uber was to look at another U.S. player — one that would complement its network of drivers and increase its market share to become more competitive.
“I think th...
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