Uber to buy alcohol delivery app Drizly for $1.1bn
Uber is betting on demand for home delivery will persist after the pandemic subsides
02 February 2021 - 17:02
San Francisco — Uber Technologies has agreed to acquire Drizly, which makes an on-demand alcohol delivery app, for $1.1bn, a wager that demand for home delivery will persist after the coronavirus pandemic subsides.
The deal is Uber’s biggest since July 2020 when it bought Postmates, a food delivery app. The Drizly purchase primarily consists of Uber stock, with less than 10% in cash, the companies said in a statement on Tuesday. Uber shares were up about 7% in the first minutes after the market opened...
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