Uber to acquire EzCater for $2B in cash

Uber: Uber is a technology platform providing ride-hailing, food delivery, and logistics services across multiple markets. The company is acquiring EzCater as part of its expansion in the food services sector. This transaction aligns with Uber's ongoing efforts to broaden its B2B and catering capabilities. EzCater: EzCater operates an online marketplace that connects businesses with caterers for corporate events, office meals, and group orders. The platform focuses on streamlining procurement and delivery for professional clients. Through the acquisition, EzCater will become integrated into Uber's delivery operations. Market Expansion: Major delivery platforms are actively pursuing acquisitions to grow their presence in corporate and business-to-business food services. Service Integration: Food delivery companies continue to combine consumer-facing apps with specialized B2B catering solutions to capture additional revenue streams.