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Uber Eats Gobbles Up ezCater for $2.3B
6 Oct
Summary
- Uber Technologies is acquiring catering firm ezCater.
- The deal is valued at $2.3 billion in a cash transaction.
- This acquisition aims to expand Uber Eats' corporate clientele.
Uber Technologies Inc. is expanding its reach by acquiring the catering firm ezCater Inc. in a substantial $2.3 billion cash deal. This acquisition is poised to bolster the Uber Eats delivery platform, particularly by targeting a more corporate clientele.
ezCater, based in Boston, operates a platform dedicated to assisting businesses in arranging food services for various corporate functions. These include events, meetings, and other professional gatherings, a segment Uber Eats intends to leverage.
The integration is expected to enhance Uber Eats' capabilities in serving the business sector. By acquiring ezCater, Uber aims to capture a larger share of the corporate catering market, diversifying its revenue streams and customer base.
