Uber to Buy Catering Platform EzCater for $2.3 Billion in Cash
· Business · Bloomberg, Economic Times, Reuters
Uber Technologies Inc. is acquiring corporate catering firm ezCater Inc. for $2.3 billion in an all-cash transaction. The deal is designed to expand the Uber Eats delivery platform's reach into the corporate dining sector. The acquisition brings ezCater's restaurant network and business client base into Uber's delivery ecosystem. Financial terms of the transaction were disclosed by the companies following the agreement. The acquisition is subject to standard regulatory approvals before final completion.
Why it matters
The acquisition expands Uber's presence in the corporate food delivery market, increasing competition against established B2B catering platforms.
Read the original report — Bloomberg
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