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Postmates Opts for Uber’s $2.65 Billion Takeover Offer Instead of an IPO

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Postmates Opts for Uber’s $2.65 Billion Takeover Offer Instead of an IPO

Postmates probably agrees with the adage, "A bird in the hand is worth two in the bush." Though in the meal delivery specialist's case, it's $2.65 billion in the hand, as it reportedly has agreed to accept Uber Technologies' (NYSE: UBER) all-stock takeover offer in that amount.

Bloomberg says Uber's board approved the deal, which could be announced as soon as today. If true, it would scuttle Postmates' plans of filing for an IPO this week.

Image source: Uber.

Source Fool.com

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