DoorDash is acquiring Instacart for around $17 billion

DoorDash has announced that it's buying Instacart in a deal valued at approximately $17 billion. The acquisition will give DoorDash a bigger presence in online grocery delivery via Instacart's established grocery marketplace and retailer partnerships. DoorDash, which started as a restaurant courier service, already has its own grocery delivery business, but that faces ongoing competition […]

Reporting by The Verge. This summary comes from the cited outlet and will be updated as verified details arrive.