DoorDash buying Instacart for $17B
Summary
DoorDash announced it will acquire grocery delivery company Instacart for around $17 billion. Instacart will keep its brand, and customers can continue using its app to place grocery orders.Key Facts
- DoorDash announced the acquisition on Thursday.
- DoorDash plans to acquire Instacart.
- The deal is valued at around $17 billion.
- Instacart will keep its brand name.
- Customers will be able to continue using the Instacart app for grocery orders.
- Instacart’s board of directors unanimously approved the deal.
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