Games & Commerce
DoorDash to buy Instacart for $17 billion
DoorDash has agreed to acquire grocery-delivery specialist Instacart for $17 billion, TechCrunch reported on Wednesday. Both companies’ boards approved the deal, under which DoorDash will pay $65 per Instacart share. DoorDash plans to keep Instacart’s brand, enterprise technology products and app. The companies will continue to operate independently until the transaction closes, which is expected by late 2027 or the first half of 2028.