Alcohol marketplace Drizly acquired by Uber for $1.1 bn

Uber is among the companies who got hit hard by COVID-19 the most, when people don’t go out often the companies like Uber suffer a lot. In order to function smoothly the company is now branching out to various other ventures. Drizly is among the booming marketplace that sells alcohol. Uber Technologies Inc decided to acquire the in demand marketplace for $1.1 Bn.

Uber made it clear that 90% of the deal would be made through uber stocks and the rest by cash.

The new deal will see Uber Eats and Drizly integrate while maintaining separate apps for each service.