Square confirms acquisition of food delivery service Caviar

Square confirms acquisition of food delivery service Caviar

Payments processor Square announced today that it has bought Caviar, a US-based service which allows its users to order food for delivery from restaurants that would not otherwise offer delivery.

The terms of the deal were not disclosed, but rumors from Recode yesterday suggested an announcement was imminent and that the deal would be valued at around $90 million.

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Clearly not content to stay purely a payments processor, Square has now expanded its remit to food delivery. Caviar said in its own announcement that its service will remain unchanged following the acquisition.

➀ Square acquires Caviar [Square blog]

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