DoorDash to acquire Instacart in deal valued around $17B

DoorDash is acquiring grocery delivery company Instacart in a deal valued at around $17 billion, the company announced on Thursday.
A release shared by both parties noted that DoorDash is purchasing the company at $65.00 per Instacart share, "a 26% premium to Instacart's closing price on October 22, 2026, the last trading day before media reports about a possible transaction. "
The company said the acquisition would give consumers a wider variety of store choices and "faster delivery options."
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