DoorDash to Buy Instacart for $17 Billion
The deal would combine the country's largest restaurant delivery service with its biggest online grocery platform.
DoorDash is to buy Instacart in a deal valued at $17 billion, according to a report from The New York Times, which said the acquisition would combine the country's largest restaurant delivery service with its biggest online grocery platform. The Times report was written by Emmy Martin and Lauren McCarthy.
CBS News reported that DoorDash's purchase of Instacart would be at $65 per share, and its headline put the transaction at $17 billion. The outlet said the purchase would unite two of the country's largest grocery and food-delivery companies. The account appeared in CBS News's report on the deal.
ABC News, in a wire story, described the agreement as a consolidation in grocery delivery. Its summary said the $17 billion acquisition would "supercharge" DoorDash's grocery delivery business.
The three reports agree on the $17 billion figure and on the combination of DoorDash and Instacart. They differ in emphasis. The New York Times focused on the pairing of restaurant delivery and grocery platforms, CBS News on the $65 per-share price, and ABC News on consolidation in grocery delivery. None of the summaries addresses conditions of closing, regulatory review, or the timing of completion, and those matters are not reported here.
Taken together, the reports describe a single transaction in which DoorDash acquires Instacart, joining a restaurant delivery service with a grocery platform. The reporting available for this story is limited to headlines and summaries from the three outlets. It does not supply additional figures, quotations from company officials, or statements from either company.
Sources: The New York Times: DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants; CBS News: DoorDash gobbles up Instacart in $17 billion deal; ABC News: DoorDash to buy Instacart for $17 billion in big consolidation for grocery delivery.