FTC investigating Uber’s partnership with Gopuff and its deal for Drizly: report

A partnership between Uber Applied sciences Inc. and online-delivery service Gopuff is being investigated by the Federal Commerce Fee over potential anti-competitive conduct, The Information reported Tuesday.

Based on the report, antitrust regulators are additionally conducting a parallel investigation into Uber’s proposed $1.1 billion acquisition of alcohol-delivery service Drizly.

Citing a doc and sources accustomed to the matter, The Data reported that whereas the probes are separate, they’re investigating the identical underlying subject — whether or not the offers with the Uber Eats enterprise would hurt competitors within the on-line sale and supply of alcohol and convenience-store gadgets.

The Uber-Gopuff investigation was reportedly launched in June, shortly after the businesses announced a partnership. Final yr, Gopuff bought West Coast alcoholic-beverage retailer BevMo for about $350 million.

Uber shares
UBER,
+0.58%

fell 0.5% in after-hours buying and selling Tuesday after the report was revealed. Uber is down about 15% yr up to now, although up almost 40% over the previous 12 months.

https://www.marketwatch.com/story/ftc-investigating-ubers-partnership-with-gopuff-and-its-deal-for-drizly-report-11628652608?rss=1&siteid=rss | FTC investigating Uber’s partnership with Gopuff and its deal for Drizly: report

snopx

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button