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Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events
Note 18 – Subsequent Events
Investment in Freight
On November 4, 2021, we entered into a preferred stock purchase agreement with new investors (“New Freight Investors”). Pursuant to the preferred stock purchase agreement, the New Freight Investors agreed to invest an aggregate of $550 million in Freight Holding, the holding company for our Uber Freight business, in exchange for Series A-1 convertible preferred stock of Freight Holding. The purchase and sale of the convertible preferred stock shall take place concurrently and is contingent upon closing of the previously announced Transplace acquisition. The remainder of the Transplace purchase price will be funded by the net proceeds from the 2029 Senior Notes and cash.
Acquisition of Drizly
On October 12, 2021, we completed the acquisition of The Drizly Group, Inc. (“Drizly”). Drizly operates an on-demand alcohol marketplace in North America. We are currently evaluating purchase price allocation. It is not practicable to disclose the preliminary purchase price allocation for this acquisition given the short period of time between the acquisition date and the issuance of these condensed consolidated financial statements. We issued approximately 18.9 million shares of common stock and paid an immaterial amount in cash as consideration to close this transaction.