Market News / Story
Uber Just Made a $2.3 Billion Bet on Workplace Catering
GuruFocus ·
GuruFocus reports: Uber Technologies Inc. (UBER, Financials), the ride-hailing and delivery company, is making a $2.3 billion push into workplace catering with an agreement to acquire ezCater. Uber now controls a Boston-based technology platform that specializes in office meals and catering in the United States thanks to the all-cash deal. Strategic reasoning is simple. While ezCater increases Uber's exposure to companies buying meals for meetings, offices, and other workplace events, Uber…