Uber agrees to acquire workplace catering service ezCater for $2.3 billion

The short version

• Uber announced an agreement to purchase catering marketplace ezCater in an all-cash deal valued at $2.3 billion.[TechCrunch]
• The target firm generated more than $2.5 billion in gross bookings over the prior 12 months, according to Uber.[TechCrunch]
• The transaction is projected to close in the coming months, subject to regulatory review by government officials.[Business Insider]

Key facts

• Uber is acquiring workplace catering platform ezCater in an all-cash transaction valued at $2.3 billion.[Business Insider · TechCrunch]
• According to Uber, ezCater generated over $2.5 billion in gross bookings over the previous 12 months.[TechCrunch]
• Uber expects the transaction to close in the coming months, contingent on government regulatory approvals.[Business Insider]
• Uber CEO Dara Khosrowshahi stated that catering is a large sector capable of providing a significant revenue stream for restaurants.[TechCrunch]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Uber is spending $2.3B to get into cateringTechCrunch
• Uber is expanding into orders that pay delivery workers moreBusiness Insider metered