Uber “Doubling Down” on Alcohol Delivery, Buying Drizly for $1.1 Billion

Dear Client:   Uber announced today that it is acquiring bev alc e-commerce platform Drizly for $1.1 billion in stocks and cash (about 90% in stock). Drizly will operate as a wholly owned subsidiary of Uber and its marketplace will be integrated with the Uber Eats app. The company will keep the standalone Drizly app as well.  "Wherever you want to go and whatever you need to get, our goal at Uber is to make people's lives a little bit