Uber acquires ezCater for $2.3 billion in cash

Uber will acquire ezCater, a major platform for workplace meal orders, in an all-cash deal worth $2.3 billion. The move aims to fold ezCater’s group ordering service into Uber Eats and leverage Uber’s business customer base. Both companies say the deal could widen restaurant access to large catering contracts. Completion still depends on regulatory review.

• EzCater handled $2.5 billion in gross bookings last year
• Uber plans to blend ezCater with its Eats platform
• Uber is also pursuing other food delivery and logistics deals
• The agreement awaits approval from regulators