Analysis
The agreement would bring workplace catering into Uber’s delivery business if it closes. The transaction is subject to the stated closing conditions.
A deal for workplace meals
Uber said it will acquire ezCater in an all-cash transaction valued at $2.3 billion. The platform offers businesses catering for meetings, events and recurring workplace meal programs. The announcement says ezCater’s restaurant network includes more than 140,000 U.S. restaurants.
What happens next
The companies said the acquisition is expected to close in the coming months, subject to regulatory approvals and customary closing conditions. Until it closes, ezCater remains a separate business. If completed, the companies plan to combine ezCater’s workplace catering business with Uber Eats and Uber for Business.
What remains uncertain
The transaction is pending regulatory approval and other closing conditions. The announcement describes the companies’ plans, but does not establish the final timing, any required changes to the deal, or whether the projected business benefits will occur.