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Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal – TechCrunch

Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal – TechCrunch

Competition continues to heat up in the food delivery wars. In the latest development, today announced that it has in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery business, Uber Eats, keeping the app running while merging some of the tech and delivery operations at the back end — for example, by having drivers delivering orders for both businesses.The deal confirms reports that last week, and got re-reported last night , that Postmates and Uber were in negotiations. That deal itself sprung up in the wake of Uber failing to acquire another...

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Jul 6
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Zynga acquires Turkey’s Peak Games for $1.8B, after buying its card games studio for $100M in 2017 – TechCrunch

Zynga acquires Turkey’s Peak Games for $1.8B, after buying its card games studio for $100M in 2017 – TechCrunch

Today, some news of a huge acquisition out of Turkey that represents the first billion-dollar-plus exit for a startup out of the country. Social gaming company confirmed that it is Istanbul-based , the company behind popular Candy-Crush-style mobile gaming apps Toon Blast and Toy Blast, for $1.8 billion — $900 million in cash, and $900 million in Zynga shares.Interestingly, this is the second time that Zynga has made a Peak Games acquisition. In 2017, it the company’s mobile card games business for $100 million (more on that below).The news caps off a short period of speculation about an...

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Jun 1
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Walmart says it will discontinue Jet, which it acquired for $3B in 2016 – TechCrunch

Walmart says it will discontinue Jet, which it acquired for $3B in 2016 – TechCrunch

So much for Walmart’s big and expensive effort to take on Amazon with a digitally-native brand. Amid the coronavirus crisis and its impact on the retail industry, today the retail giant quietly  that it would be discontinuing Jet.com, the online-only marketplace that it  (plus $300 million in earn-outs over time), as it struggles to bring its e-commerce operations into that black after  seeing a loss of $2 billion in the division in 2019 and shifting how to deliver its e-commerce strategy: by betting on giant stores, rather than online warehouses, as the hubs of its online delivery...

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ingridlunden
May 19
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