Uber to acquire catering platform ezCater for $2.3 billion
publishers 25articles 26first reported 6 Oct, 12:45 UTCdeveloping since 6 Oct · 8 editions
Uber has agreed to acquire ezCater in an all-cash transaction valued at $2.3 billion, expanding its Uber Eats business into catering and workplace meals.
Founded in 2007, Boston-based ezCater operates a U.S. marketplace that connects businesses seeking large meal orders with restaurants and caterers. The platform generated more than $2.5 billion in gross bookings during the past 12 months, according to Uber.
Uber said the acquisition would bring catering services to Uber Eats and give restaurants access to larger business customers. “Catering is a big business, and can be a huge revenue stream for restaurants,” Uber CEO Dara Khosrowshahi said in a statement. He added that Uber’s reach could bring the service to more customers and help restaurants secure more high-value orders.
The deal is part of Uber’s effort to broaden the range of services offered through Uber Eats. TechCrunch reported that the company is also pursuing other food-delivery investments and partnerships, including buying Delivery Hero and investing in and partnering with drone-delivery companies Zipline and Flytrex.
HOW THIS STORY WAS MADE
Written from 8 articles, 1 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 6 h after the record first saw the story; the editor revised it.
- Publishers
- 25
- Source articles
- 26
- Given to the writer
- 8, 1 with the article's own text
- Independent newsrooms
- 8
- This version written
- 6 h after the record first saw the story
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and changed it before publication. Struck words were in the draft; underlined words are its corrections.
WHAT IT FLAGGED editor revise: One sentence slightly misstates TechCrunch’s description of Uber’s other food-delivery moves. - "including its planned acquisition of Delivery Hero and work with drone-delivery companies Zipline and Flytrex.": The source says Uber is in the process of buying Delivery Hero and is investing in and partnering with Zipline and Flytrex; it does not describe the Delivery Hero deal as planned or the drone relationships only as work.
THE DRAFT AND THE CHANGES
Uber to acquire catering platform ezCater for $2.3 billion
Uber has agreed to acquire ezCater in an all-cash transaction valued at $2.3 billion, expanding its Uber Eats business into catering and workplace meals.
Founded in 2007, Boston-based ezCater operates a U.S. marketplace that connects businesses seeking large meal orders with restaurants and caterers. The platform generated more than $2.5 billion in gross bookings during the past 12 months, according to Uber.
Uber said the acquisition would bring catering services to Uber Eats and give restaurants access to larger business customers. “Catering is a big business, and can be a huge revenue stream for restaurants,” Uber CEO Dara Khosrowshahi said in a statement. He added that Uber’s reach could bring the service to more customers and help restaurants secure more high-value orders.
The deal is part of Uber’s effort to broaden the range of services offered through Uber Eats. TechCrunch reported that the company is also pursuing other food-delivery investments and partnerships, including its planned acquisition ofbuying Delivery Hero and workinvesting in and partnering with drone-delivery companies Zipline and Flytrex.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →