DoorDash to Acquire Instacart in Major $17 Billion Merger
DoorDash has announced an agreement to buy Instacart in a deal valued at approximately $17 billion. The merger brings together two major on-demand delivery platforms to combine restaurant takeout dominance with an established grocery market.
DoorDash is acquiring Instacart in a delivery service merger valued at around $17 billion. Some reports indicate that the announcement is coming as early as Thursday morning, following speculation that has swirled since last week regarding the roughly $17 billion valuation.
The deal combines two major players in the on-demand delivery sector under one roof. The acquisition will merge DoorDash's strong position in restaurant takeout with Instacart's reach and established marketplace in online grocery delivery.
According to the companies, the move will supercharge DoorDash's grocery delivery operations. Executives note that online grocery delivery is historically one of the hardest things to get right online, and the acquisition gives DoorDash a significantly larger presence in the sector by uniting the two largest grocery delivery platforms in the US.
Turkrazzi roundup · from 6 sources
What the sources say
-
BBC News · 29 min ago
Doordash to buy Instacart in $17bn deal it says will expand customer options
-
The Guardian · 1 h agoDoorDash to buy Instacart for $17bn in major grocery delivery consolidation
-
TechCrunch · 1 h ago
DoorDash to acquire Instacart for $17B
-
Engadget · 3 h agoDoorDash acquires Instacart in $17 billion delivery service merger
-
The Verge · 3 h ago
DoorDash is acquiring Instacart for around $17 billion
-
CNBC · 18 h ago
DoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC