Uber Closes on Drizly Buy -- 3 Months Later Than Planned

Uber said Wednesday it completed its buy of Drizly, the e-commerce alcohol merchant, for $1.1 billion, 90% in stock. Uber will run Drizly as a stand-alone subsidiary, featuring the Drizly marketplace within the Uber Eats app, while maintaining a Drizly app and web presence, it said. It completed the transaction more than three months later than originally projected when Uber announced the deal in early February (see 2102020043).