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Startups

Microsoft sells at least $25bn of bonds, its first US deal since 2017

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.

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Startups

DoorDash agrees to buy Instacart in a deal worth about $17bn

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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