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DoorDash is acquiring Instacart for around $17 billion

DoorDash is acquiring Instacart for around $17 billion

Feed excerpt — reported by The Verge

DoorDash has announced that it's buying Instacart in a deal valued at approximately $17 billion. The acquisition will give DoorDash a bigger presence in online grocery delivery via Instacart's established grocery marketplace and retailer partnerships. DoorDash, which started as a restaurant courier service, already has its own grocery delivery business, but that faces ongoing competition […]

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