Austin, TX · Morning Edition
Business

DoorDash agrees to acquire Instacart for $17 billion

Outlets agree that DoorDash is purchasing Instacart for $17 billion to combine their restaurant takeout and grocery delivery operations.

Instacart, Miami Florida July 2022
Photo · Paul Sableman / Wikimedia Commons · CC BY 2.0 · shown in black and white

At a glance

  • DoorDash is purchasing Instacart in a deal valued at $17 billion.12345
  • The transaction unites a dominant restaurant delivery service with a major grocery platform.1234
  • The acquisition expands DoorDash's grocery reach using Instacart's retailer partnerships.25

DoorDash has agreed to acquire Instacart in a transaction valued at $17 billion.12345

The combination brings together two prominent delivery services under a single company.23

DoorDash's strong position in restaurant takeout will join Instacart's extensive grocery delivery operation.13

The acquisition provides DoorDash a larger footprint in grocery delivery through Instacart's retailer partnerships.25

Where sources agree

  • DoorDash is acquiring Instacart for $17 billion5 of 5
  • The deal unites restaurant and grocery delivery services5 of 5

Who covered this

5 National

Sources

  1. 1The New York TimesDoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants ↗
  2. 2CNBCDoorDash to acquire Instacart for $17 billion ↗
  3. 3TechCrunchDoorDash to acquire Instacart for $17B ↗
  4. 4CBS NewsDoorDash gobbles up Instacart in $17 billion deal ↗
  5. 5The VergeDoorDash is acquiring Instacart for $17 billion ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

More from the Daily Brief