Uber acquires ezCater for $2.3 billion
The all-cash deal integrates workplace catering into Uber Eats, aiming to simplify group ordering and boost high-value restaurant orders
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Mobility and delivery technology platform
uber.comLast updated
In short: Uber acquired ezCater for $2.3 billion, expanded robotaxi trials, and won a £340 million London court case.
The all-cash deal integrates workplace catering into Uber Eats, aiming to simplify group ordering and boost high-value restaurant orders
The company eliminates management layers, consolidates delivery teams, mandates office attendance for most remote workers, and reinvests savings into innovation to accelerate decision-making.
The bid proposes EUR 41.50 per share to expand its platform across 99 markets and nearly double operational regions by late 2027.
Gross bookings rose 22% to $58 billion while free cash flow exceeded $10 billion. The company also details its autonomous vehicle strategy.
Instacart risks getting squeezed,’ an analyst said, as Instacart sale talks reach DoorDash. Uber has walked away from talks.
Uber Technologies said on Tuesday it would buy US catering platform ezCater in an all-cash deal for...
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Key Stats for UBER StockPast week performance: -1. 7%52-week range: $65 to $101Valuation model target price: $76Implied upside: 9.
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