DoorDash agrees to buy Instacart for $17 billion

The New York Times reports the deal would unite the country’s largest restaurant delivery service and biggest online grocery platform.

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TLDR

The New York Times reports that DoorDash agreed to buy Instacart for $17 billion. Barron’s says DoorDash stock rose sharply after the company announced the deal and describes the acquisition as an effort to compete with Amazon and Walmart in online grocery delivery.

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