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Instacart agrees to acquisition by DoorDash for approximately $17 billion

Grocery Dive · ·by G4L

DASH DoorDash Inc
$180.96 +0.72%
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  1. 1Instacart has agreed to a deal to be acquired by DoorDash for approximately $17 billion.
  2. 2Instacart decided to close its smart cart division earlier this week.
  3. 3Instacart and DoorDash stated that large online retailers and grocery stores are pulling ahead by building their own delivery vehicles and warehouses.

So what's the key point?

Instacart has agreed to be acquired by DoorDash for approximately $17 billion. Instacart is closing its smart cart division, and both companies are competing with large retailers.

Source Grocery Dive · View original ↗

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