Uber Acquires Drizly for $1.1 billion
February 02, 2021, SAN FRANCISCO & BOSTON-- Cab booking platform Uber to acquire Drizly for approximately $1.1 billion in stock and cash deal.
Drizly is the leading on-demand alcohol marketplace available in more than 1,400 cities across a majority of US states. Drizly works with thousands of local merchants to provide consumers with an incredible selection of beer, wine, and spirits with competitive, transparent pricing.
After the completion of the transaction, Drizly will become a wholly owned subsidiary of Uber. Drizly’s marketplace will eventually be integrated with the Uber Eats app, while also maintaining a separate Drizly app.
Merchants on Drizly will be able to benefit from Uber’s best-in-class routing technology and significant consumer base. Delivery drivers will h...