Uber will bring the booze after acquiring Drizly for $1.1B


Fotografía de archivo del 10 de mayo de 2019 de la estatua de “La niña sin miedo” frente a la Bolsa de Valores de Nueva York antes de que Uber, el servicio de transporte por aplicación más grande del mundo, tenga su oferta pública inicial. (AP Foto/Mark Lennihan)

NEW YORK (AP) — Uber is bringing the booze.

The mobile ride-hailing company said Tuesday that it is acquiring the alcohol-delivery platform Drizly for $1.1 billion in stock and cash. Uber expects more than 90% of the consideration to be paid to Drizly stockholders in shares of Uber common stock and the remainder paid in cash.

Boston-based Drizly formed about eight years ago and delivers alcohol in 26 U.S. states where it is legal. Drizly says it partners with retailers in 1,400 cities to deliver beer, wine and spirits to customers through its mobile app.

Upon closing of the deal, expected in the first half of this year, Drizly will become a wholly owned subsidiary of Uber. The companies said that Drizly’s marketplace will be integrated with the Uber Eats app, while keeping a separate Drizly app.

Shares in San Francisco-based Uber jumped more than 8% in morning trading, to $57.14.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Trending Stories

Don't Miss

***Don’t Miss Module Removal CSS***