DoorDash finalizes $17 billion acquisition of Instacart
DoorDash announced a $17 billion acquisition of Instacart, expanding its grocery-delivery network in the United States. The deal, valued at about $17 billion, will combine the two firms' platforms and broaden DoorDash’s retail reach. The announcement followed earlier reports that DoorDash was in late-stage negotiations to purchase Instacart, a move that would increase its presence in the grocery-delivery market.