Uber Technologies Inc., the San Francisco-based company behind the top ride-sharing app in the world, is making moves to consolidate its market footing with an announced $2.65 billion all-stock acquisition of delivery app Postmates.

The buyout will bulk up its in-house product, Uber Eats, which has helped maintain the company’s bottom line during the coronavirus pandemic and will help it better compete with DoorDash, the market-leading delivery app in the United States.

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