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Sustainable Business

Breakingviews

Breakingviews - Uber’s Postmates deal will barely touch the sides

There are three good things about Uber Technologies’ purchase of Postmates. First, it removes a competitor from the food delivery market. Second, it looks cheap in light of the amount of cost Uber boss Dara Khosrowshahi thinks he can cut. And while at $2.7 billion the deal is pretty small, that makes it an amuse-bouche sized test of how regulators will respond to the $55 billion ride-hailing firm’s future acquisitions.

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