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DoorDash to buy Instacart in $17 billion grocery deal

Original: instacart

DoorDash has agreed to acquire Instacart in a deal valued at $17 billion, a major consolidation move in the US grocery delivery market. The merger brings together two of the biggest names in food and grocery delivery as competition intensifies. Analysts are weighing what the tie-up means for consumers, delivery workers and rival grocery apps.

Why now: DoorDash's $17 billion acquisition of Instacart is a major consolidation of the grocery delivery industry, drawing wide attention

DoorDashInstacartReuters

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Evidence

• DoorDash strikes $17 billion deal for US rival Instacart in bets on grocery delivery · Reuters

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