DoorDash agrees to acquire grocery delivery rival Instacart for $17B
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DoorDash announced its intention to purchase Instacart in a transaction valued at approximately $17 billion. This acquisition is part of an effort to increase its presence in the US grocery delivery market.
DoorDash said on Thursday it would buy Instacart in a deal valued at about $17 billion, stepping up its push into the fast-growing US grocery delivery market.