DoorDash to Acquire Instacart for $17 Billion
US food delivery company DoorDash is set to acquire its rival Instacart, a grocery delivery service, in a deal worth $17 billion. The deal is described as a major bet on grocery delivery. Reports from several outlets covered the news.
Context
Context: DoorDash and Instacart both run app-based delivery services, and the market has grown fast since the pandemic. Large mergers like this can change prices and choices for shoppers if they go ahead.
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