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This article was published on August 4, 2014


    Square confirms acquisition of food delivery service Caviar

    Square confirms acquisition of food delivery service Caviar
    Ben Woods
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    Ben Woods

    Europe Editor

    Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional online poker player. You can contact him via Twitter or on Google+.

    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.

    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.

    ➤ Square acquires Caviar [Square blog]

    Featured Image Credit – Shutterstock