Uber has made an offer to acquire the delivery service startup Postmates, the New York Times reported late Monday, citing anonymous sources familiar with the matter. A deal could comes as early as Monday night, the newspaper reported.
Sources told the newspaper that negotiations are still ongoing and could still end without a deal being struck.
The acquisition could provide a boost to UberEats, the ride-hailing startup's food-delivery service. With many restaurants' dining rooms closed during the coronavirus pandemic, many people have looked to delivery and pickup services like Postmates, UberEats, DoorDash and Grubhub for their meals. Ain March found that 56% of 1,000 customers said their takeout consumption had increased because of the pandemic.
Uber was said to be looking to acquire rival food-delivery service GrubHub but reported exited merger talks amid antitrust concern. Grubhub with the Netherlands-based food delivery service Just Eat Takeaway in a deal worth $7.3 billion.
Postmates declined to comment, while Uber didn't immediately respond to request for comment.