This news has been received from: CNN

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

(CNN Business)Just a few weeks after it lost out on a high-profile deal to acquire food delivery company Grubhub, Uber hasn't given up on bolstering its own meal delivery service with an acquisition.

Uber (UBER) is now reportedly in talks to buy Postmates, a nine-year-old delivery startup, for about $2.
6 billion, according to the The New York Times and the Wall Street Journal, citing sources familiar with the matter. A deal could be announced in a matter of days, or could fall through, the outlets reported.Uber and Postmates declined to comment.
    Uber's attempts to pursue big, pricey acquisitions in the food delivery market highlight a fundamental shift for the company. Uber, which started as a ride-hailing service, has long dabbled in other categories, including meal deliveries with its Uber Eats service. But those efforts have arguably taken on new urgency as the pandemic has simultaneously cut demand for its core rides business while leading to skyrocketing demand for meal deliveries.Uber Eats has been viewed as a bright spot for the company, especially as people increasingly stay at home. Read MoreDoorDash is now valued at nearly $16 billion"At a time when our Rides business is down significantly due to shelter-in-place, our Eats business is surging," Uber CEO Dara Khosrowshahi said on the company's first quarter earnings call in early May. Khosrowshahi said the company's rides business was down about 80% in the month of April.There's just one problem for Uber as it looks to bet more on food delivery: the market is incredibly crowded. That could make it harder -- and more costly -- for Uber to gain market share.This month, Uber lost in its bid to buy Grubhub to a Netherlands-based company, Just Eat Takeaway.com, whose offer valued Grubhub at $7.3 billion. DoorDash announced it raised $400 million in new financing, valuing the company at nearly $16 billion. Meanwhile, grocery delivery startup Instacart raised $225 million, bringing its valuation to nearly $14 billion.Postmates is considered a pioneer in the on-demand delivery industry, but it is one of the smaller competitors in the US market. In May, the startup earned 8% of meal delivery sales in the US, according to analytics firm Second Measure. DoorDash, which acquired premium restaurant delivery service Caviar last August, is the US leader in terms of sales, with a 44% share.
      Postmates is keeping its options open, including potentially moving forward with an IPO, which could see the company make its Wall Street debut before the end of the summer, according to the Wall Street Journal.The San Francisco-based startup filed initial paperwork to go public in February 2019. The company has raised more than $900 million, and was valued at $2.4 billion in September 2019.

      News Source: CNN

      Why this area might seal Trumps 2020 destiny

      Next News:

      Shoezone is having a buy one get one free offer on back to school shoes but you’ll have to be quick

      WITH lockdown measures easing, parents are scrambling to get hold of back to school supplies for the new term.

      And now you can snap up two pairs of school shoes for the price of one thanks to Shoezone’s amazing BOGOF offer.

      3Shoezone has buy one get one free offers across many school shoesCredit: ShoeZone
      • Lilley Girls Black Patent T-Bar, £12.99 - buy here

      The bargain footwear company is giving away the cheaper pair for free meaning you can kit out your brood for less.

      The offer is available on selected lines only, so you will have to be quick if you want to get your hands on the bargain.

      Many mums are already making the most of the deal, with one sharing her own bargain on the Facebook group Extreme Couponing & Bargains UK.

      She wrote: “Shoezone online have a buy 1 get 1 free offer online with free delivery! I got all this with next day delivery for £30.”

      3Customers can blag the cheapest of their two pairs for freeCredit: ShoeZone
      • Kids Black Mesh Lightweight, £9.99 - buy here

      Sharing a snap of her purchase, the mum revealed she had purchased four pairs of back to school kicks for just £30 including next day delivery.

      She pointed out that the offer is also available on some adults shoes, as well as other children’s shoes too.

      Fellow parents were delighted with the news, eager to make use of the bargain themselves.

      One wrote: “Omg thankyou just ordered our daughters for September thrilled thankyou.”

      “That’s good. I’ll have a nose later” agreed another.

      3One mum revealed how she got four pairs of shoes with next day delivery for just £30Credit: ‎Extreme Couponing and Bargains UK Most read in FabulousFACE OFFCustomer slams barista refusing to serve her without a mask…so fans 'tip' him £32kPORN PANICThousands of naked selfies and videos from OnlyFans site leaked onlineJAW-DROPPING3D face of 'jawless' Stone Age man whose head was found on a SPIKE revealedMYSTIC MEGJuly 8: In love, instead of waiting, be the first to say and show feelingsINSTASHAMAwful Photoshop fails prove how fake Insta is - including woman with endless legsTHE PITS!If you've noticed your armpits smell worse then your DIET might be to blame

      In other bargain news, Asda is selling school uniforms for as little as £1.

      And Mamas & Papas have a huge 70 percent off sale in some of its stores with happy customers showing off their amazing hauls.

      Meanwhile people are showing off their amazing Next sales hauls – and one nabbed £133.50 worth of kids’ clothes for just £38.

      Mum shows off her amazing bargains including kitchen knives for 30p down from £30 and kids' school supplies for just 2p

      Other News

      • Uber-Backed California Ballot Initiative Would Create a Permanent Underclass of Workers
      • UN Council Voting on Syria Aid Delivery Through 1 Crossing
      • Closing prices for crude oil, gold and other commodities
      • UN council voting on Syria aid delivery through 1 crossing
      • Jude Law Is Reportedly In Talks To Play Captain Hook In Disneys Peter Pan Wendy
      • Angela Merkel tells EU to prepare for no trade deal Brexit
      • Reports: Microsoft Xbox To Offer Free Next-Gen Upgrades
      • Zlatan Ibrahimovic claims he is president, coach and player at AC Milan following comeback acquire over Juventus
      • Report: Cowboys, Dak Prescott haven’t had ‘substantive’ contract talks since March
      • Uber to offer boat rides in London as new commuter service
      • Uber still cant have cars in London, but its buying a ferry on the Thames
      • London River Service to Become Uber Boat Under New Deal
      • On this date, 2010: Warriors acquire All-Star David Lee from Knicks
      • Foxs Kilmeade Rips Power Hungry Cuomo for Holding Back on Reopening Schools: How Could You Throw in the Towel in June?
      • Electric water taxi service SeaBubbles wants to be the Uber for rivers so you can skip the traffic (and hit the waves)
      • NBA Rumors: Knicks Would Reportedly Need To Offer A Monumental Trade Package To Acquire Devin Booker
      • Arsenal bad-boy Guendouzi in ‘advanced talks’ with Barcelona as Gunners demand £36m for transfer but open to loan deal
      • Warriors Partner With Uber Eats To Help Local Restaurants, Feed Essential Workers
      • Uber driver charged with murder in death of ex-Tennessee player Jeremy Shadrick