Scenario description
Assume Uber does not complete the announced $2.3 billion cash acquisition of ezCater by March 31, 2027 on materially the announced terms. This includes the parties terminating or abandoning the transaction, a regulatory or legal outcome preventing closing by the cutoff, or a renegotiated structure that materially changes the economics or control outcome, such as a substantially different purchase price, a non-cash majority consideration mix, a minority investment, a joint venture, or a divestiture/remedy package that leaves Uber without substantially full control of ezCater’s marketplace and customer relationships.