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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.
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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.
Microsoft is looking to raise at least $25bn through a US bond sale, its first high-grade debt offering in the country since 2017, Bloomberg reported, citing people familiar with the matter. The deal is divided into as many as 10 tranches, with repayment dates ranging from two to 40 years.
Deepgram said that it is committed to keep Pipecat open source.
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.
The social networking site is facing criticism for blocking access to the site, which identifies thousands of ICE agents and other employees working for Homeland Security.
Six days from now, TechCrunch Founder Summit brings experienced founders, investors, and operators to Boston on Nov. 4 to share the decisions, mistakes, pivots, and lessons that shaped their companies. Register before it starts for ticket savings and deals.
The update allows you to use Alexa to create lists, register them, see what’s on them, and add or edit items. You can also manage subscriptions with the AI bot.
The cloud security startup raised a Series C at a $3.8B valuation, instead of selling itself for the same price.
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