AssetID: 56116221
Headline: UNCAPTIONED: DoorDash To Buy Instacart In $17bn Deal
Caption: DoorDash To Buy Instacart In $17bn Deal. DoorDash has agreed to acquire grocery delivery company Instacart in a $17 billion deal that will create a major new force in food and retail delivery. The companies said the takeover, expected to be completed in around a year, would expand customer choice and give more retailers access to their services. Instacart customers will be able to shop from around 150,000 stores, up from 100,000 currently while DoorDash will expand further beyond restaurant deliveries into groceries and retail. Instacart chief executive Chris Rogers said combining the businesses would make online grocery shopping more seamless and affordable. DoorDash chief executive Tony Xu said the company would benefit from Instacart's expertise in selecting groceries and finding substitutions. The firms said their combined technology and delivery networks would also help local retailers compete and grow. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Doordash,buy,Instacart,$17bn,deal,create,companies,takeover,expected,completed,a year,customer choice,retailers,services,restaurant deliveries,groceries,retail,business,grow
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