A possible DoorDash-Instacart deal is all about keeping up with Walmart and Amazon, analysts say
Summary
Food delivery giant DoorDash recently held advanced discussions to acquire rival platform Instacart for approximately seventeen billion dollars. Industry experts indicate that combining these two prominent services would help them better compete with major retail competitors like Amazon and Walmart.
The Wall Street Journal reports that DoorDash was in ‘advanced talks’ to buy Instacart in a deal that would value Instacart at roughly $17 billion
Source: Read the full story at MarketWatch.com - Top Stories
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