DoorDash to buy Instacart for $17bn in a grocery delivery merger

Summary

DoorDash is to buy Instacart for $17 billion in a grocery delivery mega merger, The Independent reported on Thursday 29 October, DoorDash saying the merger will benefit communities by enabling more supermarkets to use Instacart's platform to run their websites. The acquisition will supercharge DoorDash's grocery delivery, 'one of the hardest things to get right online', the chief executive said, according to The Guardian, and the Financial Times wrote that the deal further consolidates the fiercely competitive US food delivery market. Instacart shoppers will be able to buy from 150,000 stores, compared with the 100,000 currently available on the platform, the firms said, according to BBC News, The Independent writing that Instacart customers will have access to 50,000 additional stores covered by DoorDash.

Latest: DoorDash is to buy Instacart for $17 billion in a grocery delivery merger, The Independent, The Guardian, the Financial Times and BBC News reported, the firms saying Instacart shoppers will be able to buy from 150,000 stores, compared with the 100,000 currently available on the platform.

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