DoorDash is set to acquire Instacart in a deal valued at $17bn, a transaction the companies say will give customers access to a wider range of stores.
Under the proposed deal, Instacart shoppers would be able to buy from 150,000 stores through the platform. That compares with the 100,000 stores currently available, according to the companies.
The businesses presented the expanded store network as a way to increase customer choice. The supplied information does not provide further details about the structure of the transaction, its expected completion date or how the combined operations would be managed.
The latest information is that DoorDash intends to proceed with the $17bn acquisition and that the companies expect it to broaden the range of retailers available to Instacart shoppers.
