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Announced

Completed

Uber Technologies completed the acquisition of Drizly for $1.1bn.

Financials

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Transaction Value£802m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Majority

Single Bidder

E-commerce

alcohol e-commerce

United States

Friendly

Acquisition

Private Equity

Completed

Synopsis

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Uber Technologies completed the acquisition of Drizly, an on-demand alcohol marketplace, for $1.1bn. “Uber Eats and Drizly are truly the perfect pairing. s we invest in expanded offerings in our delivery business—from grocery and convenience stores to a wide variety of retailers—alcohol remains a key driver of demand from consumers in the US. On the Uber Eats app searches for alcohol items have spiked by 200% in the last year alone. By joining forces with Cory’s talented team, we can accelerate our shared trajectory by introducing Drizly to Uber consumers and expanding its geographic presence in the years ahead,” Dara Khosrowshahi, Uber CEO.

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