DoorDash is acquiring Instacart for around $17 billion
DoorDash has announced that it's buying Instacart in a deal valued at approximately $17 billion.
Key points
- DoorDash, which started as a restaurant courier service, already has its own grocery delivery business, but that faces ongoing competition […].
Speculation of a deal has swirled since last week, and several outlets reported the acquisition could value Instacart at roughly $17 billion.
The acquisition will give DoorDash a bigger presence in online grocery delivery via Instacart's established grocery marketplace and retailer partnerships.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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