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Illustration: Sarah Grillo/Axios

The Justice Department has cleared Uber’s acquisition of food delivery company Postmates, a source familiar with the deal told Axios Monday.

Why it matters: The DOJ was scrutinizing the $2.65 billion all-stock deal over antitrust concerns as the food delivery sector undergoes consolidation.

  • The DOJ's antitrust division requested more information about the merger earlier this fall.

Details: Uber on Tuesday filed a letter to the antitrust division outlining commitments made in connection with the acquisition, including:

  • Removing exclusivity provisions — which require restaurants to use only Postmates as their third-party food delivery service — in several markets, including Los Angeles, Miami and El Paso.
  • Not entering into any agreement with those restaurants that contains an exclusivity provision for six months following closing.

Flashback: Uber moved to acquire Postmates this summer after talks with GrubHub fell through.

  • Instead, European food delivery company Just Eat Takeaway agreed to buy GrubHub.

Editor's note: This story has been updated to include material from Uber's letter to the DOJ.

Go deeper

Dan Primack, author of Pro Rata
Dec 2, 2020 - Technology

Visa's plan to fight its DOJ antitrust lawsuit

Illustration: Annelise Capossela/Axios

Companies have two basic choices when faced with an antitrust lawsuit from the U.S. Justice Department: Fight or flee. Visa plans to fight.

Driving the news: The credit card giant filed its legal response to DOJ's efforts to block its $5.3 billion purchase of fintech "connector" company Plaid. Its primary arguments are that regulators gerrymandered an industry definition and conjured competition.

Salesforce's Slack deal resets the tech antitrust debate

Illustration: Aïda Amer/Axios

Salesforce’s acquisition of work chat company Slack for $28 billion to better compete with Microsoft underscores just how hard it is for tech companies big and small to challenge today's dominant tech giants.

Flashback: Less than a year ago, Justice Dept. assistant attorney general for antitrust Makan Delrahim touted Slack’s trajectory from small VC-backed startup to publicly-traded software company as an illustration of a healthy, well-functioning market in which it's possible for newcomers to prosper independently. 

What COVID-19 vaccine trials still need to do

Illustration: Sarah Grillo/Axios

COVID-19 vaccines are being developed at record speed, but some experts fear the accelerated regulatory process could interfere with ongoing research about the vaccines.

Why it matters: Even after the first COVID-19 vaccines are deployed, scientific questions will remain about how they are working and how to improve them.