If regulative issues were an issue, Postmates may make a better fit., it held off eventually citing” choppy market”< a class= "c-link "href=" https://techcrunch.com/2019/10/06/why-were-still-waiting-on-the-postmates-s-1/”target=”_blank
“rel= “noopener noreferrer”data-sk=”tooltip_parent “aria-describedby=”sk-tooltip-30236”> conditions. If Uber Postmates and consumes integrated, the result would still be smaller than Doordash’s market hold, however would be competitive. DoorDash, last valued at $ 13 billion, confidentially filed for an IPO nearly four 4 ago.
According to the Times, the talks are still continuous and the deal might fail.
For those that have been taking note of Uber, this appetite is not new, albeit constant. A little over a month ago, the ride-hailing company was supposedly pursuing an acquisition of Grubhub, another food shipment business. Grubhub was eventually acquired by Just Eat Takeaway in a$7.3 billion deal, however only after the deal with Uber fell through over a variety of concerns. Food shipment market has set to benefit mainly from the COVID-19 pandemic, as shops stay shuttered or change operations to takeout just. Most current earnings from the public ride-hailing business show that its ride-hailing organisation is slowing while its food shipment service is growing like hell. Gross reservations for Uber Eats last quarter were$4.68 billion. So despite the fact that Uber still loses a lots of money ($2.94 billion including all costs ), its Uber Eats development is staggering. And the green shoots may be sustaining some of this interest in other rivals.