DoorDash Plans $17 Billion Acquisition of Instacart
DoorDash CEO Tony Xu said the planned deal could support faster, cheaper grocery delivery through better order accuracy. The acquisition faces FTC scrutiny.
DoorDash Inc.’s planned acquisition of Instacart is drawing investor attention, as CEO Tony Xu sees room for grocery delivery to grow through better order accuracy, faster service and lower costs. The $17 billion deal could boost revenue and efficiency, though regulatory scrutiny remains a key hurd…