The Verge (1 hour ago)
DoorDash has announced that it’s buying Instacart in a deal valued at approximately $17 billion. The acquisition will give DoorDash a bigger presence in online grocery delivery via Instacart’s established grocery marketplace and retailer partnerships.
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The acquisition would bring two major players in on-demand delivery under one roof, combining DoorDash’s dominance in restaurant takeout with Instacart’s reach in grocery delivery.
DoorDash has agreed to buy grocery delivery rival Instacart in a cash-and-stock deal valuing the company at about $17bn. The acquisition would bring two of the biggest US delivery platforms under one roof, expanding DoorDash’s reach in grocery shopping. The companies announced the deal on Thursday.
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The massive deal would help DoorDash better compete in the growing grocery delivery market.
The deal combines the two largest grocery delivery platforms in the US.
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