Uber is betting even bigger on delivery ...Middle East

Quartz - Economy
Uber is betting even bigger on delivery
source : Quartz ( Middle East ) () 5
Uber is looking even more like a delivery company than a ride-hailing business.Uber announced Tuesday that it will buy Drizly, an alcohol delivery startup, for approximately $1.1 billion in stock and cash. Following the completion of the transaction,  Drizly will be integrated with the Uber Eats app, while also maintaining a separate app. The sale is expected to close the first half of 2021.Uber’s stock is up 6% as of 1pm US eastern time.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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