Uber buys Postmates for $2.65 billion — and traders are into it

Ride-hailing giant Uber‘s stock price jumped more than 5% on Monday following its purchase of delivery service Postmates for $2.65 billion. 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…

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