Uber Technologies agrees to buy ezCater Inc. for $2.3 billion in an all-cash deal. The deal is presented as a move to expand Uber’s food delivery and workplace meal offerings, bringing ezCater’s catering platform and restaurant network into Uber’s enterprise-focused services.
The outlets describe a joint announcement by Uber and ezCater. Multiple reports say the acquisition is aimed at helping Uber Eats reach more corporate customers through ezCater’s workplace catering model, with references to Uber for Business and orders for meetings and related work events. Quartz adds that ezCater’s footprint includes more than 140,000 restaurants and over $2.5 billion in annual gross bookings, which Uber would gain access to through the purchase.
While coverage aligns on the price and cash nature of the transaction, the emphasis differs slightly: Bloomberg and BNN Bloomberg highlight Uber’s enterprise delivery push; The Next Web focuses on the tie-in to workplace catering for company accounts. Overall, the reporting is consistent on the deal structure and the intended expansion into corporate catering demand.
