Uber to buy food-delivery service Postmates in $2.65 billion all-stock deal

CNBC's Deidre Bosa reports on Uber's acquisition of food-delivery service Postmates. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
#CNBCTV

[@kevinarzola4781]

UberEats has been a failure so now they want to ruin PostMates

[@fuzziebunnie]

Nahh.. if they buy everyone out they can charge more

[@zico739]

Postmates has been a failure though.

[@alohaguy_857]

Evidence that it is a failure?

[@vincepurpura8905]

@@fuzziebunnie
I don't eat fast food much, when I do I can pick up my own big mac.

[@JoshPitts530]

The economics of food delivery in the gig economy aren’t sustainable. Postmates best be liquidating that stock ASAP.

[@spencerwilliams3385]

And Tesla is coming to the market soon with ride-sharing/ fleet services - first with human drivers then full-autonomy (2-3 years). I don't foresee Uber's business model holding up. Also, more and more countries are going to going to side with riders and drivers, with courts ruling the decision that they are considered dependent contractors.

[@xlivalexander2111]

i was looking for this comment

[@turk-fq7xn]

Why would anyone order thru UberEats or DoorDash .. you can call your local pizza restaurant directly and save $15-20 per order.

[@vincepurpura8905]

Some folks need those big Macs and whoppers.
Those obese people who probably couldn't fit into a 59 Cadillac, let alone a modern vehicle.

[@WasBannedTho]

I use Postmates it’s good but sad to see them sell out

[@jasonb4254]

Uber ride sharing was never GAAP profitable nor is it EBITDA profitable. Regulators should scrutinize these misleading accounting announcements.

[@mariospizzaandwinebar]

Postmates is being run by idiots with money and no sense, way to go Uber, take over DoorDash too!

[@delphini8055]

I only make about 3$ per delivery and 5$ if it takes a while for the order. I don’t like how postmates runs their business and hopefully Uber can change that.

[@mw-qe9gm]

They better not

[@milaniamilani5737]

Too late

[@Garpot]

Whatttttttttttttt?!??! All stock!!!!!

[@jamessderby]

Amazon needs to buy grubhub

[@RaheelPervaiz123]

Anti trust

[@Atipat12]

🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥