Uber is buying Drizly, Boston-based alcohol delivery app, for $1.1billion
Drizly operates in more than 1,400 cities across North America
More than 90 per cent of deal is through stock while remainder is cash
Drizly will continue operating as separate app while integrated with Uber Eats
Uber has reorganized company in light of losses incurred during pandemic
Profits from its ride-sharing business fell, though Uber Eats has seen profits soar
Drizly, meanwhile, reported more than 330 per cent growth in the last year