DoorDash agrees to buy Instacart in a deal worth about $17bn
The cash-and-stock transaction will merge two of the largest delivery platforms in the US. This move is intended to expand DoorDash's capabilities and reach within the grocery shopping sector.
Key points
- Deal valued at roughly $17 billion
- Instacart shareholders may receive $65 in cash per share
- The acquisition expands DoorDash's grocery delivery presence
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