Food Delivery Is Heating Up, Yet Vertical Integration Seems Inevitable?

To investors,

The big news last night is that Uber has agreed to acquire Postmates for $2.6 billion in an all-stock deal. The combined companies will be run by Pierre-Dimitri Gore-Coty, the current Head of Uber Eats. This comes months after Uber walked away from an acquisition conversation with GrubHub, who was eventually acquired by Just Eat…

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