Uber Expands into Workplace Catering with $2.3 Billion ezCater Acquisition

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  "signal_type": "news",
  "signal_subtype": "acquires",
  "detected_at": "2026-10-06T16:50:41+00:00",
  "company": {
    "name": "Uber",
    "domain": "uber.com"
  },
  "data": {
    "url": "https://www.benzinga.com/m-a/26/10/62198681/uber-expands-into-workplace-catering-with-2-3-billion-ezcater-acquisition",
    "title": "Uber Expands into Workplace Catering with $2.3 Billion ezCater Acquisition - Benzinga",
    "excerpt": "Uber Technologies, Inc. (NYSE: UBER ) on Tuesday announced that it has agreed to acquire ezCater, Inc. for $2.3 billion in cash, expanding Uber Eats into higher-value workplace catering and group ordering. • Uber Technologies stock is trading near recent lows. What’s the outlook for UBER shares? ezCater operates a U.S. catering and workplace meals platform connecting businesses with more than 140,000 restaurants. ezCater generated more than $2.5 billion in Gross Bookings over the past 12 months, with year-over-year growth in the high teens. Its average order value tops $400. ezCater is profitable on a non-GAAP operating income basis, and Uber expects the acquisition to be margin accretive. Uber plans to combine ezCater’s business-to-business catering capabilities with Uber Eats and Uber for Business, giving restaurants access to larger orders and expanding group-meal options for customers. \"Catering is a big business, and can be a huge revenue stream for restaurants,\" Uber CEO Dara Khosrowshahi said. \"With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders.\" Uber held cash and cash equivalents of $4.78 billion as of June 30, 2026. Uber wait times increased by 19% between 2023 and 2026, according to a study as the company looks towards an increasingly autonomous future. Uber’s largest 2026 transaction was...",
    "summary": "Uber Technologies has agreed to acquire ezCater for $2.3 billion in cash.",
    "planning": true,
    "image_url": "https://cdn.benzinga.com/cdn-cgi/image/width=1200,height=800,fit=crop/files/images/story/2026/10/06/Aachen--Germany-September-2019-Uber-Driv.jpg",
    "confidence": 0.95,
    "published_at": "2026-10-06T16:50:41Z",
    "effective_date": "2026-10-06",
    "article_sentence": "Uber Technologies, Inc. (NYSE: UBER ) on Tuesday announced that it has agreed to acquire ezCater, Inc. for $2.3 billion in cash, expanding Uber Eats into higher-value workplace catering and group ordering.",
    "amount_normalized": 2300000000,
    "related_company_name": "ezCater, Inc.",
    "related_company_domain": "ezcater.com"
  }
}

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