Uber will acquire the alcohol delivery company Drizly for $1.1 billion, the companies announced in a press release Tuesday.
The acquisition is another foray on Uber’s part into delivery apps — its Uber Eats service competes with the likes of DoorDash and Seamless.
Drizly will eventually integrate with the company’s Uber Eats app, but it will also maintain its own Drizly app, per the release.
“By bringing Drizly into the Uber family, we can accelerate that trajectory by exposing Drizly to the Uber audience and expanding its geographic presence into our global footprint in the years ahead,” Uber CEO Dara Khosrowshahi said in the press release.
The acquisition is expected to finalize by this summer.
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Axel Springer, Insider Inc.’s parent company, is an investor in Uber.