DoorDash buying Instacart for $17B

DoorDash announced Thursday it will acquire Instacart, buying the grocery delivery company for around $17 billion.

Instacart will keep its brand name, and customers will be able to continue using the app for their grocery shopping orders, DoorDash said in a statement. The acquisition received unanimous approval from Instacart’s board of directors.

The deal will allow for Instacart users to shop at an additional 50,000 stores on top of the nearly 100,000 stores already accessible through its platform, according to DoorDash. DashPass and Instacart memberships will merge together, but shoppers will only have to pay the price of one.

Instacart CEO Chris Rogers said the company “has transformed online grocery by helping retailers of all sizes compete and grow, and joining forces with DoorDash allows us to do even more.”

“Together, we can accelerate innovation across the grocery industry and make online grocery more........

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