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Square Buys Restaurant Food Delivery Service In $90M Deal

August 4, 2014: 12:00 AM EST
Smartphone food ordering service Square has acquired Caviar, a company that provides fast delivery of food with flat-rate pricing from a curated list of restaurants, using its own delivery people. News reports say the all-stock deal is worth $90 million. Caviar is different from other food delivery services, most of which tap into restaurants’ own delivery systems. The company will be able to provide Square, which offers a food ordering service, with a way to deliver food from restaurants that don’t offer delivery to local customers.
Sarah Buhr, "It’s Official: Square Acquires Food Delivery Service Caviar", TechCrunch, August 04, 2014, © AOL Inc.
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