Question
Ride-hailing giant Uber purchased food delivery business Postmates in July 2020 in a $2.65 billion all-stock takeover. Postmates will continue to operate under its own
Ride-hailing giant Uber purchased food delivery business Postmates in July 2020 in a $2.65 billion all-stock takeover. Postmates will continue to operate under its own name, but will be combined with UberEats to create the country's second-largest delivery goliath. This is known as a(n):
A. merger involving one company purchasing the assets of another company.
B. merger involving two or more companies deciding to adopt the same strategy.
C. acquisition involving one company purchasing the assets of another company with cash.
D. acquisition in which the name of the company being acquired is changed to be the name of the acquiring company.
E. acquisition involving one company (the acquirer) purchasing and absorbing the operations of another company (the acquired).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started