Boston Business Journal

Uber to Acquire Boston-based Drizly for $1.1B

The online liquor store will eventually be integrated with the Uber Eats app while also continuing to maintain its own separate app

Alcohol delivery app Drizly

One of the ride-hailing giants has made an acquisition to further its alcohol delivery capabilities.

Uber Technologies, Inc. and Boston-based Drizly Inc. said on Tuesday that they have reached an agreement for Uber to acquire Drizly for $1.1 billion in stock and cash.

Boston-based online liquor store 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. The transaction is expected to close within the first half of 2021.

Read the full story in the Boston Business Journal.

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