Uber is buying Postmates in a $2.65 billion deal as it leans on food delivery to make up for coronavirus losses (UBER)
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Uber on Monday confirmed earlier reports that it would buy the food-delivery firm Postmates for $2.65 billion in an all-stock deal.

Postmates was founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011. It serves the US and is headquartered in San Francisco.

Uber has been circling around several smaller food-delivery businesses over the past few years, attempting to buy Grubhub and the UK's Deliveroo.

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