Guggenheim maintained its price target for Uber Technologies.
neutral 50 · impact 20
Sur La Table is joining the Uber Eats marketplace.
Uber acquires ezCater for $2.3 billion, gaining access to a network of over 140,000 restaurants and $2.5 billion in annual gross bookings. The deal expands Uber Eats into business catering, with average orders exceeding $400. Closing expected in coming months subject to regulatory approvals.
bullish 70 · impact 60
Uber Technologies is acquiring ezCater, a platform that simplifies ordering food for groups. The deal is expected to enhance Uber Eats' corporate and group dining capabilities. No financial terms were disclosed.
bullish 75 · impact 50
Uber Technologies will acquire ezCater, a business catering and workplace meals platform, for $2.3 billion in cash. The deal gives Uber Eats access to ezCater's network of more than 140,000 restaurants and over $2.5 billion in annual gross bookings. Uber says the business is profitable on an adjusted operating income basis and margin accretive. Integration into Uber Eats and Uber for Business is planned. The transaction is expected to close in the coming months.
neutral 50 · impact 70
