Uber to purchase alcohol delivery service Drizly

Uber said Tuesday it reached an agreement to acquire Drizly for about $1.1 billion in stock and cash.

Once the transaction is complete, the alcohol delivery service platform will be integrated with Uber’s food delivery platform, Uber Eats, and also maintain a separate Drizly app.

“By bringing Drizly into the Uber family, we can accelerate that trajectory by exposing Drizly to the Uber audience and expanding its geographic presence into our global footprint in the years ahead,” Uber CEO Dara Khosrowshahi said in the announcement.