Instacart to be purchased by DoorDash in massive food delivery merger

• DoorDash is set to significantly expand its grocery delivery operations by acquiring Instacart in a $17 billion deal.
• The Instacart brand and app will be preserved, granting Instacart customers access to 50,000 additional storefronts served by DoorDash.
• DoorDash Chief Executive Tony Xu stated the acquisition combines Instacart's grocery specialisation with DoorDash's delivery infrastructure and logistics.
• The takeover follows DoorDash increasing its share of U.S. delivery platform spending to 59 per cent, while Instacart's share fell to 18 per cent.
• Questions remain regarding how the merger will affect existing commercial ties, such as Instacart's current delivery partnership with Walmart.

IN FULL

DoorDash buys Instacart for $17 billion creating a home delivery giant for everyday goods