DoorDash to acquire Instacart for $17B

DoorDash has agreed to acquire Instacart for $17 billion, combining their on-demand delivery services to offer a wider range of products, including restaurant takeout and grocery delivery. DoorDash will pay $65 per share for Instacart, and the deal has been approved by both companies' boards. The acquisition is expected to create new opportunities for retailers and brands to build out their online ordering platforms and advertising businesses using Instacart's technology. DoorDash plans to keep Instacart's brand, technology, and app, and the two companies will continue to operate separately until the transaction closes.