DoorDash agrees to buy Instacart in $17B deal

Two massive delivery companies will become one as DoorDash agreed to buy Instacart in a $17 billion deal. Read more trending news The boards of both companies have approved the deal, which would bring together the largest restaurant delivery company and the largest grocery delivery app. Instacart shareholders would get $65 per share, mostly in cash, The New York Times reported. DoorDash said it had completed 993 million orders in the third quarter, with customers spending almost $34 billion. Instacart said it had 90.3 million orders valued at nearly $1 billion in the second quarter. Check back for more on this developing story.