Stocks, Technology

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.

Uber

On other new, cannabis marketplace Lantern is spun out of Drizly.

I think the Drizly-Uber combintion will be something to watch out for. It’s good to see Uber doubling down on delivery. There’s so much opportunities there.