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DoorDash to Buy Instacart for About $17 Billion

By ChordNews · First written (new coverage )

DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
Image: nytimes.com
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Summary

DoorDash has announced that it is buying Instacart in a deal valued at about $17 billion, combining the largest US restaurant delivery service with its biggest online grocery platform. DoorDash said the Instacart brand and app will remain, Instacart shoppers can keep fulfilling orders, and grocers can work with either company; Instacart customers will gain access to 50,000 additional stores covered by DoorDash. Fast Company reports that Instacart, launched in 2012, works with some 2,200 stores covering nearly 100,000 locations, and that DoorDash's stock briefly dropped earlier in the week on news of the pursuit.

This continues an earlier story: DoorDash in talks to acquire Instacart, reports say

Timeline

  1. New York Times

    Source ↗

    The New York Times reports that DoorDash is buying Instacart for $17 billion, a deal that combines the country's largest restaurant delivery service with its biggest online grocery platform.

  2. The Verge

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    The Verge reports that DoorDash has announced it is buying Instacart in a deal valued at approximately $17 billion, and quotes Instacart CEO Chris Rogers saying the deal will make "online grocery more seamless and affordable."

  3. Financial Times

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    The Financial Times reports that DoorDash will acquire Instacart for $17 billion, a deal that further consolidates the fiercely competitive US food delivery market.

  4. Fast Company

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    Fast Company reports that DoorDash has agreed to acquire grocery rival Instacart for $17 billion, a move that would bolster its push into grocery and boost business at the largest third-party delivery platform in America.

  5. Engadget

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    Engadget reports that DoorDash is acquiring Instacart in a $17 billion deal that combines the two largest grocery delivery platforms in the US.

  6. CNBC

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    CNBC reports that DoorDash is acquiring Instacart for $17 billion, a deal that unites two delivery giants, with DoorDash focused on restaurants and Instacart on its grocery partners.

  7. TechCrunch

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    TechCrunch reports that DoorDash is set to acquire Instacart for $17 billion, which would bring two major on-demand delivery players under one roof.

  8. The Guardian

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    The Guardian reports that DoorDash is buying Instacart for $17 billion, that the Instacart brand and app will remain, and that Instacart customers will gain access to 50,000 additional stores covered by DoorDash.

  9. Investing.com

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    Investing.com reports that DoorDash has struck a $17 billion deal for US rival Instacart as it bets on grocery delivery.

  10. Hindustan Times

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    Hindustan Times reports that DoorDash plans to acquire Instacart in a $17 billion deal to expand its grocery delivery business, reach more local stores and compete with Walmart and Amazon in the US.

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