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Uber will bring the booze after acquiring Drizly for $1.1B

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新华社照片,纽约,2019年5月10日 (国际)()网约车公司优步在纽交所上市 5月10日,美国纽约证券交易所外挂起Uber广告。当天,网约车公司优步(Uber)在纽交所正式挂牌交易。优步公司此次IPO发行1.8亿股普通股,发行价为45美元。 新华社记者 王迎 摄 Banners of Uber are seen hanging outside the New York Stock Exchange in New York, the United States, May 10, 2019. U.S. ride-hailing company Uber Technologies Inc. was listed on NYSE on Friday. (Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA)

NEW YORK (AP) — Mobile ride-hailing company Uber said Tuesday that it’s acquiring the alcohol-delivery platform Drizly for $1.1 billion in stock and cash.

Uber expects more than 90% of the consideration to be paid to Drizly stockholders in shares of Uber common stock and the remainder paid in cash.

Boston-based Drizly formed about eight years ago and delivers alcohol in 26 U.S. states where it is legal.

Upon closing of the deal, expected in the first half of this year, Drizly will become a wholly owned subsidiary of Uber.

Shares in Uber jumped more than 8% in morning trading, to $57.14.

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