Doordash to acquire Instacart for $17 billion, creating delivery giant

Delivery giant DoorDash is buying to-your-door grocery service Instacart for $17 billion, the company announced Thursday. The deal means users will be able to order groceries and items from other retailers via DoorDash and its delivery network. The companies said Instacart customers can now shop at more than 50,000 additional stores on top of the nearly 100,000 stores on the Instacart platform today. DashPass and Instacart+ members will now also pay one membership fee instead of two. DoorDash is expected to keep the Instacart brand and its technology. Until the transaction closes, DoorDash and Instacart will continue to operate as separate and independent companies. “Over the last 14 years, Instacart has transformed online grocery by helping retailers of all sizes compete and grow, and joining forces with DoorDash allows us to do even more,” said Chris Rogers, CEO of Instacart. DoorDash shares gained more than 9% in pre-market trading Thursday. The deal represents