DoorDash is acquiring Instacart for $17B
DoorDash is acquiring Instacart for $17 billion, a deal valued at $65.00 per share. This will give stores of all sizes access to the innovative technology used by large online retailers and grocers. The combined company aims to provide more choice and affordable delivery options for consumers, while offering more earning opportunities for Dashers and Shoppers.
DoorDash and Instacart share a goal of helping local businesses succeed, with the combined company offering their delivery networks and technology to grocers and retailers of all sizes. Consumers will have access to over 50,000 additional stores and two memberships for the price of one. The deal also includes commitments to keep Instacart's brand, enterprise technology products, and app following the close.
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- DoorDash reportedly in talks to acquire Instacart in $17 billion deal techspot.com
- Sources: DoorDash is in advanced talks to acquire Instacart, and the deal could be completed as soon as this week (Heather Haddon/Wall Street Journal) wsj.com
- Sources: chipmaker Onsemi is in talks to acquire 16-year-old chip startup Ferric for ~$1B; PitchBook: Ferric last raised a $32.1M Series C in December 2024 (Valida Pau/The Information) theinformation.com
- Instacart reportedly discussed selling itself with DoorDash and Uber techcrunch.com
- DoorDash in advanced talks to acquire Instacart for $17b techinasia.com
- Onsemi in talks to acquire chip startup Ferric for $1 billion- The Information investing.com
