Tom Nash
@tomnashtv·679K subscribers·911 videos
Why Uber Bought Postmates for $2.65 Billion (the REAL reason)
Posted
July 6, 2020
Views
3,510
Likes
131
Comments
32
Engagement
4.64%
July 6, 2020
3,510
131
32
4.64%
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5:06Now PlayingSo, Uber just announced that it will acquire the food delivery startup Postmates for $2.6 billion, in an all-stock deal. That means that Uber won’t be spending any cash on this deal, but instead will be paying the postmates shareholders with its uber shares. How does it work, simple, instead of getting cash for their shares, postmates shareholders get paid by receiving shares in Uber. How many shares? About 5.2%. This means that former postmates shareholder will now hold 5.2% of Uber, while postmates will become a wholly owned subsidiary of Uber. First question, where did the 5.2% came from? Its quite simple. Uber is a public company with a value of 50.3B while postmates is valued at 2.6B, which means that 2.6/50.3 will equal about 5.2%. The second question is WHY? Why did Uber pull the trigger on this deal. Stay tuned to find out why Uber purchased Postmates and how this deal will change the food delivery market.
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