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 by Staff Writers San Francisco (AFP) June 30, 2020
Uber is in talks to buy food delivery app Postmates in a multibillion dollar deal, US media reported. The San Francisco-based company has been badly affected by the coronavirus pandemic -- last month cutting a quarter of its global workforce -- and has been looking to boost its growing food delivery service Uber Eats. Talks for a $2.6 billion deal with start-up Postmates are ongoing, sources told the New York Times and the Wall Street Journal, but stressed that nothing was confirmed. The deal would bolster Uber and help Postmates, a nine-year-old firm that has struggled against larger food delivery rivals, the New York Times noted on Monday. A $6 billion Uber offer made last month to acquire Grubhub -- another US food delivery app -- fell through. Grubhub was later bought by European competitor Just Eat Takeaway. Uber said in its quarterly update earlier this year that it lost nearly $3 billion and its rides business was down some 80 percent in April. The rideshare giant noted, however, that it was seeing strong revenue growth for its Eats food delivery operation. Neither Uber nor Postmates have commented on the potential deal. bur-rbu/kaf
Amazon drives into robo-taxi field with deal for Zoox Washington (AFP) June 26, 2020 Amazon said Friday it was buying the self-driving car tech startup Zoox, in an effort to rev up the drive for autonomous ride-hailing and compete against rivals like former Google car unit Waymo. Terms of the deal were not disclosed, but a report in The Information said Amazon was paying more than $1 billion for the California startup developing autonomous technology. "Zoox is working to imagine, invent and design a world-class autonomous ride-hailing experience," said Jeff Wilke, who heads Amaz ... read more
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