Seoul, July 6 – Taxi delivery service Uber takes over American meal delivery company Postmates, US media report. The acquisition is expected to be officially announced later this week.
Uber, which is also active as a meal delivery company with Uber Eats, is said to pay over 2.6 billion US dollars for the company.
A takeover battle is underway worldwide in the meal delivery. Thuisbezorgd’s parent company, Just Eat Takeaway by Dutch CEO Jitse Groen, is one of the protagonists. After previous acquisitions in Germany and the UK, Just Eat Takeaway recently acquired an American delivery service. While $7.3 billion was paid for Grubhub.
Winner Takes Most
According to Jitse Groen, the delivery market is a ‘winner takes most‘ market, where it is difficult to make a profit if you are not the largest in a region or country. In that regard, Just Eat Takeaway still has a long way to go in the US.
The biggest deliverer there is Doordash with a 45 percent market share, according to data collector Second Measure. Uber Eats and Postmates come together at number two with about 30 percent market share and Grubhub is third with 23 percent.
Uber would also have wanted to acquire Grubhub according to various sources.
The delivery market is growing fast in the US and other countries due to the corona crisis. At the same time, there is much less demand for taxi rides, Uber ‘s core activity.