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.

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Related Contacts
Ben Beerle Partner, San Francisco
Jamie Leigh Partner, San Francisco
David Peinsipp Partner, San Francisco
Caitlin Cunningham Associate, Colorado
Sangitha Palaniappa Associate, Palo Alto
Wendy Brenner Partner, Palo Alto
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
Kevin Rivers Associate, Palo Alto
Megan Sacher Associate, San Diego