DoorDash to Buy Instacart for 17B
DoorDash has agreed to acquire rival Instacart for approximately 17 billion dollars. The deal expands its reach into the competitive grocery delivery market. Shareholders will receive 65 dollars per share.
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DOORDASH INC - A agreed to buy rival MAPLEBEAR INC for $17 billion on Thursday, marking its largest acquisition to date. The cash-and-stock transaction expands the food delivery platform's footprint into the competitive grocery sector. The deal positions the combined entity to challenge retail giants like WALMART INC and AMAZON.COM INC in the United States.
