UBER ACQUIRES ALCOHOL DELIVERY SERVICE DRIZLY FOR $1.1 BILLION

Highlights

• The ride-share giant said Drizly's mobile app will stay operational though its ability to order liquid courage using Drizly’s infrastructure will be incorporated into the User Eats app eventually

• The companies said in a joint statement that the Drizly purchase primarily consists of Uber stock, with less than 10 percent in cash

• According to the companies, this deal is likel....