Uber to Acquire Drizly for $1.1 Billion

San Francisco – February 3, 2021 – Cooley advised Uber on its agreement to acquire leading on-demand alcohol marketplace Drizly for approximately $1.1 billion in stock and cash. Partners Ben Beerle, Jamie Leigh and David Peinsipp led the team advising Uber.

Upon closing, which is expected to take place during the first half of 2021, Drizly will become a wholly owned subsidiary of Uber. Drizly’s marketplace will eventually be integrated with the Uber Eats app, while also maintaining a separate Drizly app.

Drizly plans to innovate and expand independently in its fast-growing and competitive sector, while also gaining access to the advanced mobile marketplace technologies of the world’s largest food delivery and ridesharing platform. Merchants on Drizly will be able to benefit from Uber’s best-in-class routing technology and significant consumer base. Delivery drivers will have even more ways to earn. And Uber’s rewards and subscription programs will be able to deliver even greater value to consumers with new benefits and perks on Drizly.

Read the full press release

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,100+ lawyers across 16 offices in the United States, Asia and Europe.

Related Contacts
Ben Beerle  Partner San Francisco
Jamie Leigh  Partner San Francisco
David Peinsipp  Partner San Francisco, Palo Alto
Caitlin Cunningham  Associate Colorado
Sangitha Palaniappa  Associate Palo Alto
Wendy Brenner  Partner Palo Alto, Los Angeles
Adam Connolly  Partner San Francisco
Stephanie Gentile  Partner New York
TJ Graham  Partner Palo Alto
Austin Holt  Associate Los Angeles
Rick Jantz  Associate Los Angeles
Jane Jeong  Associate New York
Benjamin Kleine  Partner San Francisco
Allison Kutner  Associate New York
Barbara Mirza  Partner Los Angeles, Palo Alto
Kevin Rivers  Associate Palo Alto
Megan Drill  Associate San Diego