Uber Technologies (UBER) Acquires ezCater for $2.3 Billion to Expand Corporate Dining Reach

gurufocus.com · 2026-10-06

On October 06, 2026, Uber Technologies Inc (NYSE: UBER) announced its acquisition of ezCater, a Boston-based corporate catering platform, in a cash deal valued

TickrTrends take: Uber Technologies completed an acquisition of ezCater for approximately 2 billion dollars to strengthen its position in the corporate dining market. This expansion into catering services represents a strategic move to diversify revenue streams beyond ride-sharing and food delivery. Given TickrTrends' undervalued assessment of Uber, investors focused on valuation metrics should monitor how this acquisition impacts the company's profitability, integration costs, and ability to generate returns on the substantial capital deployed in this segment.

Read the full story at gurufocus.com →