Uber completes Drizly acquisition
Uber Technologies, Inc. today announced that it has completed its acquisition of Drizly and that the two companies will begin integrating their complementary delivery apps and services. The purchase consideration was approximately $1.1 billion, consisting of approximately 18.7 million newly issued shares of Uber common stock plus cash.
In other news, cannabis marketplace Lantern is spun out of Drizly.
The Drizly-Uber combo is a game-changer for the gig economy. By merging ride-hailing with alcohol delivery, Uber is creating a connected system where drivers can offer more services, boosting their earnings and flexibility. Consumers win with one-stop convenience, and the platform fosters innovation in on-demand delivery. This acquisition shows how the gig economy adapts and grows, turning everyday needs into entrepreneurial opportunities. Love seeing Uber expand its empire—it's empowering workers and revolutionizing how we access goods.