Ride-hailing company Uber closed its acquisition of food-delivery service Postmates.
According to Uber, Postmates would add $350 million to $400 million to gross bookings for delivery and increase adjusted earnings before interest, taxes, depreciation and amortization by $7 million to $12 million for the quarter ending Dec. 31.
Uber said that next year it will also begin a regional listening process for merchants across the country, with Uber Eats and Postmates coming together.
“I'm confident that alongside Uber Eats we will create even more opportunities for our customers, continue to drive growth for our merchants, and deliver unique earning opportunities" for its delivery workers, Postmates Co-Founder and CEO Bastian Lehmann said.