Uber confirmed the deal in a Monday press release after a flurry of reports over the weekend. The acquisition comes less than a month after Uber’s talks to buy out Postmates rival GrubHub fell through, leading the European JustEats to acquire GrubHub instead. The company noted it intends to keep the “consumer-facing Postmates app running separately,” but it’ll be backed by a combined merchant and delivery network. According to Uber, this should ultimately lead to more consumer exposure for restaurants — and hopefully (for Uber) it also boosts the service’s overall market share. [Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets]
