Uber invests $2.3B in Eats Cat

Uber announced its acquisition of the Eat- Cater platform for $2.3 billion, aiming to enhance its capabilities in corporate meal delivery. The deal is part of Uber's efforts to expand its food delivery services, as Eat-Cater recorded bookings exceeding $2.5 billion last year, with an average order value of over $400. This acquisition represents a significant expansion into the business-oriented food service market, and is expected to be finalized after securing regulatory approvals.

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