Costco

This week, Uber announced a US$2.65 billion acquisition of Postmates, an on-demand food and grocery delivery company with operations in 4,200 U.S. cities. A day later, Uber announced the launch of its on-demand grocery delivery service in partnership with Cornershop, a Chile-based online grocery delivery company that Uber has held a majority stake in since last year. [more]

Amid a global pandemic and economic uncertainty, Cerberus sells its stake at $16/share, below the original estimated price range of $18 to $20. Albertsons is the second-largest supermarket operator in the U.S. with over 2,200 stores in 34 states. [more]