FILE PHOTO: Uber Technologies has agreed to acquire US workplace catering platform ezCater for $2.3 billion in an all-cash transaction to expand Uber Eats into group catering and workplace meals. | Photo Credit: ANDREW KELLY: इस घटनाक्रम की आधिकारिक सूचना जारी की गई है। Uber Technologies has agreed to acquire US workplace catering platform ezCater for $2.3 billion in an all-cash transaction, as the ride-hailing and food delivery company seeks to expand Uber Eats into group catering and workplace meals.

## घटनाक्रम का विस्तृत विवरण

FILE PHOTO: Uber Technologies has agreed to acquire US workplace catering platform ezCater for $2.3 billion in an all-cash transaction to expand Uber Eats into group catering and workplace meals. | Photo Credit: ANDREW KELLY

Uber Technologies has agreed to acquire US workplace catering platform ezCater for $2.3 billion in an all-cash transaction, as the ride-hailing and food delivery company seeks to expand Uber Eats into group catering and workplace meals.

Uber, in a press release on Tuesday, said that the acquisition will combine ezCater’s catering and business

## मुख्य सत्यापित तथ्य व बिंदु

• The transaction is expected to provide restaurants with access to larger orders and new customers, while allowing consumers to order food for workplace gatherings, events and social occasions through a more integrated platform. Uber also expects the deal to create additional earning opportunities for its delivery couriers. • ezCater CEO Nihad Rahman said the company would bring its catering and B2B expertise into Uber’s broader ecosystem of customers, merchants and couriers. • The acquisition comes as Uber looks to broaden its food delivery business beyond individual meal orders. By combining ezCater’s established workplace catering platform with Uber Eats’ existing consumer and restaurant reach, the company expects to expand access to group food orders while strengthening the value proposition for restaurant partners. • J.P. Morgan Securities is serving as financial adviser to Uber, while Evercore is advising ezCater. Covington & Burling and Freshfields US are providing legal counsel to Uber, while Davis Polk & Wardwell is advising ezCater. • Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. • We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

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