Announcement
DoorDash announces deal to buy Instacart for about $17 billion
The Verge reports the proposed acquisition would expand DoorDash's online grocery reach through Instacart's marketplace and retailer partnerships.
TLDR
Jess Weatherbed of The Verge reports that DoorDash announced a deal to buy Instacart valued at approximately $17 billion. DoorDash already delivers groceries, and Weatherbed writes that acquiring Instacart would add its established marketplace and retailer partnerships. The Verge says the deal could help DoorDash's grocery business compete with Amazon and Walmart. The report describes an announced deal, not a completed acquisition.
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