U.S. food delivery company Postmates has received acquisition offers from Uber and a special purpose acquisition company, according to sources.
Uber turned its attention to acquiring Postmates after its deal to buy Grubhub fell apart about two weeks ago. Postmates had been planning on an initial public offering and could still choose to pursue that path, one of the people said.U.S. food delivery service Postmates has received acquisition offers fromand a special purpose acquisition company as it simultaneously makes plans to go public, according to people familiar with the matter.
Postmates hasn't decided which path to take, though it's expected to make a decision in coming days, said the people, who asked not to be named because the discussions are private. Uber's offer is, according to The Wall Street Journal. Postmates is working with JPMorgan Chase as a financial adviser, the people said. Spokespeople for Postmates, Uber and JPMorgan declined to comment.
The name of the special purpose acquisition company couldn't be immediately identified. A SPAC is a shell company with no operations that acquires private companies for the purpose of transitioning them to publicly traded entities.
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