Uber to Buy ezCater for 2.3 Billion
Uber Technologies has agreed to purchase US catering platform ezCater in an all-cash deal worth 2.3 billion dollars. The acquisition aims to strengthen its delivery business and narrow the market gap with competitor DoorDash.
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Uber Technologies Inc agreed on Tuesday morning to buy United States catering platform ezCater in an all-cash deal for $2.3B. The transaction expands the company's fastest-growing segment following a July agreement to acquire Germany-based Delivery Hero SE for $14.8B. The acquisition aims to narrow market share gaps against DoorDash Inc - A in the domestic delivery sector.
