Uber to acquire EzCater to expand Uber Eats catering
Uber is acquiring EzCater, a US-based provider of catered food for businesses, as part of its strategy to expand the catering offerings on its Uber Eats platform.
Story updates
12:01:25 PM UTC
SquawkNews
Uber Technologies, Inc. (NYSE:UBER) and ezCater, Inc. today announced that they have entered into an agreement for Uber to acquire ezCater, a leading U.S. platform for catering and workplace meals, in an all-cash transaction valued at $2.3 billion.ezCater makes it easy for any business to manage it…
12:01:50 PM UTC
SquawkNews
Uber Technologies, Inc. agreed to acquire ezCater in an all-cash transaction valued at $2.3B. ezCater had over $2.5B TTM Gross Bookings, growing high teens YoY; the business is profitable on Non-GAAP operating income and expected to be margin accretive. Closing is subject to approvals.Material Deta…