19 sources
DoorDash said on Thursday it would buy Instacart in a deal valued at about $17 billion, stepping up its push into the fast-growing US grocery delivery market.
OriginalThe acquisition would bring two major players in on-demand delivery under one roof, combining DoorDash’s dominance in restaurant takeout with Instacart’s reach in grocery delivery.
OriginalThe massive deal would help DoorDash better compete in the growing grocery delivery market.
OriginalDoorDash began delivering groceries in 2020 amid a surge in pandemic-era demand. Grocers were initially cautious.
OriginalDoorDash will purchase Instacart in a cash and stock deal representing a 26% premium on Instacart’s stock price, the company said.
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NY Post3h ago
DoorDash on Thursday announced it has agreed to buy Instacart in a $17 deal, combining the nation’s top grocery delivery app with a massive restaurant takeout service.
OriginalDoorDash plans to acquire Instacart in a deal worth about $17 billion. It’s expected to close at the end of 2027 in the first half of 2028. The acquisition would combine DoorDash’s dominance in restaurant delivery with Instacart’s lineup of grocery partnerships, creating one company to delivery customer’s weekly dining needs.
OriginalThe latest sign of consolidation in an increasingly competitive delivery market.
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Financial Times3h ago
Deal further consolidates the fiercely competitive US food delivery…
OriginalThe deal could help DoorDash’s grocery business compete against Amazon and Walmart.
OriginalThe deal could help DoorDash’s grocery business compete against Amazon and Walmart.
OriginalSpeculation of a deal has swirled since last week, and several outlets reported the acquisition could value Instacart at roughly $17 billion.
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Reuters4h ago
The deal could help DoorDash’s grocery business compete against Amazon and Walmart.
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The Guardian4h ago
Acquisition will supercharge DoorDash’s grocery delivery, ‘one of the hardest things to get right online’, CEO…
OriginalDoorDash has emerged as the most successful stand-alone online delivery platform, commanding some two-thirds of all food delivery volumes in the U.S.
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CNN4h ago
DoorDash is buying rival Instacart in a deal worth roughly $17 billion, signaling that the delivery wars continue to heat up.
OriginalThe deal unites two delivery giants under one roof, with DoorDash's focus on restaurants and Instacart's robust stable of grocery partners.
OriginalDoorDash has emerged as the most successful stand-alone online delivery platform, commanding some two-thirds of all food delivery volumes in the U.S.
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