BusinessPhoto: HT WorldDoorDash to Acquire Instacart for $17 Billion to Expand Grocery Delivery
DoorDash announced a $17 billion deal to acquire Instacart, a grocery delivery company, aiming to expand its grocery delivery services. DoorDash will pay $65 per Instacart share, 26% above the closing price on October 22, with 75% of the payment in cash. Instacart's board unanimously approved the acquisition. DoorDash CEO Tony Xu highlighted the challenges of grocery delivery and praised Instacart's expertise.
HT World·




