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Uber plans to stop running Drizly.
The move, first reported by Axios, comes roughly three years after the ride-share giant first moved to acquire the alcohol delivery platform and make it a subsidiary. The transaction was worth about $1.1 billion of stock and cash.
In a statement, Uber told FOX Business it will soon close Drizly.
"After three years of Drizly operating independently within the Uber family, we’ve decided to close the business and focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app," Uber Senior Vice President of Delivery Pierre Dimitri Gore-Coty said. "We’re grateful to the Drizly team for their many contributions to the growth of the BevAlc delivery category as the original industry pioneer."