TLDR · BIG TECH & STARTUPS
DOORDASH IS IN ADVANCED TALKS TO ACQUIRE DELIVERY RIVAL INSTACART
Summary from the TLDR newsletter
DoorDash is looking to acquire rival Instacart in a deal that would value Instacart at around $17 billion. The deal could be finalized as soon as this week, but there is no guarantee it will come together. Instacart's core business involves online grocery shopping and convenience home delivery from retailers. The acquisition will add to DoorDash's food delivery services from retailers such as Kroger, Safeway, and Aldi.