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Story summary
- Uber Technologies will acquire ezCater in an all-cash $2.3 billion deal.
- ezCater partners with over 140,000 restaurants and booked more than $2.5 billion last year.
- The acquisition will merge ezCater with Uber Eats and Uber for Business corporate customers.
- Uber says the deal will be margin-accretive and raise delivery-segment profitability.
- The transaction awaits regulatory approval and should close in the coming months.