Report
DoorDash agrees to buy Instacart for about $17 billion
The Wall Street Journal reports the deal values Instacart at $65 a share, 11% above its Wednesday closing price.
TLDR
The Wall Street Journal reports DoorDash agreed to buy Instacart for about $17 billion in cash and stock. The Boston Globe reports DoorDash says Instacart’s brand and app will remain, its shoppers can keep fulfilling orders, and its customers will gain access to 50,000 additional stores covered by DoorDash.
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