DoorDash agrees to buy Instacart in a deal worth about $17bn
· thenextweb.com · popularity 25/100 · 1 similar story today · Grocery & Food Industry (Food, Drink & Agriculture)
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Summary
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. Instacart shareholders can choose $65 in cash per share, […] This story continues at The Next Web
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