Uber Acquires ezCater for $2.3B to Expand Enterprise Food Business

$UBER is acquiring ezCater for $2.3 billion in cash, adding more than 140,000 restaurant partners and over $2.5 billion in annual gross bookings.
ezCater's average orders exceed $400 and the business is growing at a high-teens annual rate, giving Uber Eats greater exposure to larger corporate and group orders.
The acquisition pushes Uber deeper into enterprise food spending, where higher-value orders could provide a more attractive demand pool than traditional consumer delivery.