Shares of Uber (NYSE: UBER) are trading around 9% higher in premarket on reports that the ride-hailing firm agreed to buy delivery app Postamtes in a $2.65 billion all-stock deal. Uber share price is now looking to erase losses from the last week when it closed over 8.3% in the red.  Fundamental analysis: All-stock deal agreed Uber has agreed to buy Postmates, a popular food-delivery app, in a $2.65 billion all-stock agreement. The deal, which was first reported by Bloomberg on Sunday evening, was then confirmed by the ride-hailing company today. Invezz reported last week that Uber is in talks

The post Uber stock price explodes 9% on a $2.65 billion deal to buy Postmates appeared first on Invezz.