Uber agreed on Oct 6 to buy corporate catering platform ezCater for $2.3bn in cash.
Why Uber is buying ezCater
Uber plans to connect ezCater to Uber Eats' restaurant network and the 300,000-plus companies on Uber for Business, targeting large office orders that average over $400.
Regulatory approvals and timing
The deal is subject to regulatory approval and expected to close in the coming months.
Market context
Uber is also pursuing Delivery Hero via a takeover offer that runs to Nov 5.
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