IFLR1000

Uber $1.1 billion acquisition of Drizly

2/2/2021
Public acquisition
Select tab

$ 1.1 billion

Announced

2/2/2021

Overview:

  • Mobile ridesharing and food delivery technology company Uber announced plans to acquire alcohol delivery service company Drizly for $1.1 billion.
  • The deal will be paid in a mix of stock and cash, with the transaction expecting to close within H1 2021.

Chynna Lewis - Researcher

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Technology and telecommunications
Food and beverage

Firms:
Cooley

Party: Uber (Acquirer)

Lawyers: Ben Beerle, David Peinsipp, Jamie Leigh

Latham & Watkins

Party: Drizly (Target)

Lawyers: Daniel Hoffman, Evan Smith

Related deals