DoorDash agreed to buy Instacart for about $17 billion in cash and stock
DoorDash has entered an agreement to acquire Instacart in a deal valued at approximately $17 billion. The transaction, which offers a 26% premium to shareholders, remains subject to regulatory and stockholder approval.
Why it matters
This consolidation of major delivery platforms could significantly alter the landscape of the gig economy and food delivery services.
The $65-a-share price is a 26% premium to Instacart's…
Also covering this story
4 other newsrooms covered this event. We read each version separately.
DoorDash is acquiring Instacart for around $17 billion
DoorDash plans to buy Instacart for $17 billion, creating a delivery powerhouse
DoorDash to acquire Instacart for $17B
DoorDash to Acquire Instacart
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