What We Know
Instacart says it has entered into a definitive agreement to be acquired by DoorDash, opening a new chapter for the company.1Backed by 1 sourcescompany.instacart.com The transaction is valued at $17 billion and would unite two major delivery companies under DoorDash.1Backed by 1 sourcesThe New York Times
DoorDash says the combined company would help stores of every size reach more customers through technology that has largely been available to the biggest online retailers and grocers.1Backed by 1 sourcesabout.doordash.com DoorDash is framing the acquisition particularly as a way for small and midsize businesses to defend themselves against Amazon and Walmart.1Backed by 1 sourcesAxios
The deal may face scrutiny from the U.S. Federal Trade Commission amid concerns about cost-of-living pressures.1Backed by 1 sourcesinvesting.com Regulatory vetting is expected in the United States, Canada, and Israel, and the companies have agreed to termination fees.1Backed by 1 sourcesmlex.com
The transaction is identified as a $17 billion purchase of Instacart.1Context from one sourcecnn.com
Reporting differs on some details. The Wall Street Journal describes DoorDash as being in talks to acquire Instacart, which conflicts with the briefing’s account that a definitive agreement had already been reached.1Conflicting account from one sourcewsj.com
Source Comparison
Mixed reportingCorroborates
- company.instacart.com↗Instacart’s announcement confirms that it entered a definitive agreement to be acquired by DoorDash.
- about.doordash.com↗DoorDash describes the proposed combination as expanding customer access for stores of every size through technology previously concentrated among major online retailers and grocers.
- investing.com↗Reuters reports that the proposed acquisition could attract FTC scrutiny amid concerns about cost-of-living pressures.
- Axios↗Axios reports DoorDash is presenting the $17 billion acquisition as a way for smaller businesses to fend off Amazon and Walmart, while describing the companies as major delivery players.
- The New York Times↗The New York Times identifies the transaction as a $17 billion acquisition that would unite two delivery giants under DoorDash.
- mlex.com↗MLex reports that the companies expect regulatory vetting in the United States, Canada, and Israel and have agreed to termination fees.