U.S. FTC probes Uber-GoPuff partnership alongside Drizly deal – The Information
(Reuters) – The U.S. Federal Trade Commission (FTC) is probing a partnership between Uber and SoftBank-backed delivery startup GoPuff, The Information reported bit.ly/3fRGOlH on Tuesday, citing two people familiar with the matter and a document.
The deal has come under the scanner for potentially hampering competition in the online alcohol and grocery delivery space, the report said. The FTC was also reviewing Uber’s $1.1 billion planned purchase of alcohol-delivery company Drizly, it added.
The investigation into the Uber-GoPuff deal was opened at the end of June, according to the report.
In February, Uber agreed to buy Drizly for about $1.1 billion as it looked to make inroads into the liquor delivery market during the pandemic.
The FTC, Uber, Drizly and GoPuff did not immediately respond to Reuters requests for comment.
While the two probes are separate, an FTC team in New York is managing both the investigations as the deals involve the same markets, the report said.
Reporting by Akriti Sharma in Bengaluru; Editing by Devika Syamnath