DoorDash to Acquire Instacart in a $17 Billion Deal

DoorDash is taking over Instacart for $17 billion. The US company, which makes most of its money from food delivery, is buying a specialist in grocery and retail delivery.

A push beyond restaurant orders

The deal shows how far DoorDash wants to extend its business beyond meals from restaurants. Instacart focuses on retail, so the acquisition would add a large retail-focused service to DoorDash's existing delivery operations.

What it means

For customers, the takeover could change how the two services are positioned against each other in the delivery market. Details such as the structure of the transaction, the timetable, regulatory approvals and plans for the Instacart brand were not part of the information available at the time of writing.

Further information on the integration and on whether the deal will clear the necessary reviews is expected as the companies publish more details.