From Engadget · Anna Washenko · · 1m
DoorDash buys Instacart for $17 billion
DoorDash has agreed to acquire Instacart in a deal valued at $17 billion, combining the two largest grocery delivery services in the US.
In brief
DoorDash has agreed to acquire Instacart in a deal valued at $17 billion, combining the two largest grocery delivery services in the US. DoorDash is acquiring Instacart for seventeen billion dollars, merging the two largest US grocery delivery platforms, pending antitrust review. Originally reported by Engadget.
DoorDash strikes $17 billion deal
DoorDash has agreed to acquire rival Instacart in a deal valued at seventeen billion dollars. The purchase combines the two biggest grocery delivery services in the US, assuming antitrust scrutiny does not block it.
Why DoorDash wants Instacart
DoorDash gained popularity as a restaurant and takeout option but also offers grocery delivery. Instacart's network could help bolster those features. DoorDash is also testing a drone delivery program this year.
Earlier talks fell through
DoorDash had previously pitched for Instacart in 2021, but those negotiations reportedly ended due to concerns over price and possible antitrust regulation. Uber was also reportedly a potential buyer at some point.
What it means
DoorDash is acquiring Instacart for seventeen billion dollars, merging the two largest US grocery delivery platforms, pending antitrust review.
