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February 2, 2021 02:42 pm

Uber Buying Booze Delivery Company Drizly For $1.1 Billion

Uber on Tuesday announced an agreement to buy Drizly, a Boston-based alcohol delivery startup, for $1.1 billion in cash and stock. From a report: This could represent a strategic departure for Uber, in that Drizly doesn't hire delivery drivers itself. Instead, it provides the backend infrastructure for local liquor stores to provide their own delivery services. Drizly co-founder and CEO Cory Rellas is expected to remain with Uber in an executive role.

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Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GCqsgEg7gWw/uber-buying-booze-delivery-company-drizly-for-11-billion

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