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,
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