DoorDash to Acquire Instacart in $17 Billion Deal
· 4d ago · Originally reported by Mi-3.com.au.
DoorDash has announced plans to acquire Instacart in a deal valued at $17 billion. This merger brings together two major players in the delivery and retail media space.
Why it matters
The combination of DoorDash and Instacart could reshape the retail media landscape, as both companies have been expanding their advertising offerings to brands and retailers.
Explain it like I’m new here
It's like two big grocery delivery companies teaming up so they can offer more ads and deals to shoppers.
The deal
DoorDash → Instacart · acquisition · announced · $17B
See the full M&A tracker.
Read the original at Mi-3.com.au.
Terms in this story
Go deeper
Related stories
Affle to Acquire Perion in $420 Million All-Cash Deal
Affle has agreed to acquire Perion for $420 million in an all-cash transaction. This deal brings together two companies active in digital advertising and marketing technology.
DoorDash Announces $17 Billion Acquisition of Instacart to Expand Grocery Delivery and Retail Media
DoorDash has officially announced its acquisition of Instacart for $17 billion, aiming to strengthen its position in grocery delivery and retail media. The move comes as DoorDash outperforms the Nasdaq during a broader tech stock downturn.
Delivery App Downloads Fall 21% in US and Canada, DoorDash to Dominate Installs
Sensor Tower reports a 21% decline in delivery app downloads in the US and Canada. DoorDash is set to control 66% of installs among major apps after acquiring Instacart, with 26% of installs coming from paid advertising sources.
DoorDash Acquisition of Instacart Poses New Threat to Uber's Advertising Revenue
DoorDash is acquiring Instacart, a move that could intensify competition in the retail media and delivery app advertising space. This development directly challenges Uber's $2 billion ad business by combining two major grocery and delivery…
Stagwell Acquires Freestar; DoorDash Buys Instacart in Major Ad Tech Moves
Stagwell has acquired Freestar, a company known for its publisher monetization technology, while DoorDash has purchased Instacart. These deals signal significant consolidation in both the ad tech and retail media sectors.
DoorDash Invests $17 Billion in Instacart as RaceTrac Launches Retail Media Network
DoorDash is making a significant $17 billion investment in Instacart, signaling a major move in the commerce media space. Meanwhile, RaceTrac, a convenience store chain, has launched its own retail media network to tap into new advertising…