DoorDash is buying grocery delivery platform Instacart as it looks to expand beyond restaurant delivery and strengthen its position in the U.S. grocery market.
DoorDash's official announcement on Thursday that it plans to acquire Instacart isn't a real shock to Wall Street, as a recent report indicated that this deal was drawing near.
DoorDash on Thursday announced it has agreed to buy Instacart in a $17 deal, combining the nation's top grocery delivery app with a massive restaurant takeout service.