File photo: An Uber sticker is seen on driver Margaret Bordelon's car in Lafayette, Louisiana, US February 16, 2020. Uber and Postmates did not immediately respond to a Reuters request for comment. Last week, Reuters reported that Postmates had revived plans for an initial public offering following dealmaking in the US online food delivery service sector that sparked acquisition interest in the company. Postmates was last valued at $2.4 billion, when it raised $225 million in a private fundraising round last September. Uber had plans to also acquire Grubhub Inc through its Uber Eats business, but walked away from the deal as Just Eat Takeaway.com NV eventually reached a $7.3 billion agreement last month to buy the US online food delivery company.

Source: Dhaka Tribune July 06, 2020 05:26 UTC