Uber to Acquire ezCater for $2.3 Billion to Expand into Corporate Catering

Key Facts

1Uber plans to acquire ezCater for $2.3 billion in cash to expand its Uber Eats service into the workplace catering market.

2The deal grants Uber Eats access to a network of over 140,000 U.S. restaurants from ezCater.

3Citigroup maintains a Market Outperform rating on Uber with a hold action following the announcement.

Uber plans to acquire ezCater for $2.3 billion in cash to expand its Uber Eats service into the workplace catering market. Reuters reported that the deal grants Uber access to ezCater’s network of over 140,000 U.S. restaurants, which generate more than $2.5 billion in annual gross bookings.

The acquisition aims to capture high-margin corporate business, leveraging average order values that exceed $400. Following the announcement, Citigroup maintained a Market Outperform rating on Uber with a hold action; meanwhile, Citigroup shares, trading under the ticker C, closed at $128.52 on October 6, 2026.