Mon. 07/06 – Uber Buys Postmates
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 6 July 2020
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Monday, July 6th, 2020. I'm Brian McCullough. |
| 0:08.2 | Today, Uber buys Postmates for 2.65 billion dollars. There's an Xbox Series X event coming later |
| 0:15.3 | this month an algorithm that could predict COVID-19 outbreaks Florida becomes |
| 0:20.3 | the first to enact a DNA privacy law and Sony's new wearable air conditioner |
| 0:24.8 | the Rion Pocket is here here here's what you missed today in the world of tech. |
| 0:32.4 | It's official. |
| 0:33.0 | official. |
| 0:34.0 | Uber is buying Food Delivery Service Postmates for 2.65 billion dollars in an all-stock deal. |
| 0:41.0 | To catch you up on the state of play here, everyone knows the delivery space needs to consolidate |
| 0:46.3 | because there are too many players in a space that might not actually be that profitable in the end. |
| 0:51.3 | Uber wanted to acquire Grubhub, but that would likely have drawn a ton of regulatory |
| 0:56.4 | scrutiny that might have killed the deal, so Grubhub decided instead to accept an acquisition |
| 1:01.0 | offer from Just Eat Takeaway.com. Postmates meanwhile is the fourth largest |
| 1:06.0 | US food delivery service and was sort of running out of options. It was either going to do a deal now or IPO soon and hope for the best but then we |
| 1:16.7 | haven't really talked about why Uber wants to suddenly get in the acquisition |
| 1:20.9 | game in terms of delivery operations, quoting |
| 1:23.7 | CMBC. The deal brings together the fourth largest US food delivery |
| 1:27.3 | service with Uber Eat's, which trails only DoorDash in market share |
| 1:31.0 | according to second measure and Edison trends. The companies |
| 1:34.3 | said Uber intends to keep the Postmates app running separately quote |
| 1:37.7 | supported by a more efficient combined merchant and delivery network and |
| 1:42.0 | quote. |
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