DoorDash to buy Instacart in roughly $17 billion deal
DoorDash announced on Thursday that it will acquire grocery delivery company Instacart for about $17 billion, combining two of the largest US delivery platforms.
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The story, neutrally told
Left · 2DoorDash announced on Thursday 29 October that it will buy grocery delivery company Instacart for about $17 billion. NBC NewsLC “Delivery giant DoorDash is buying to-your-door grocery service Instacart for $17 billion, the company announced Thursday.” Read at NBC News ↗ The VergeLC “DoorDash has announced that it’s buying Instacart in a deal valued at approximately $17 billion.” Read at The Verge ↗ Left · 1CBS News reports the price is $65 per share. CBS NewsLC “DoorDash's purchase of Instacart for $65 per share will unite two of the country's largest grocery and food-delivery companies.” Read at CBS News ↗ Left · 2The deal was first reported by The Information and the Wall Street Journal; The Information said last week that Instacart was in talks with Uber and DoorDash, and by Monday the Journal reported DoorDash was in "advanced talks". NBC NewsLC “The proposed transaction was first reported by tech website The Information and The Wall Street Journal.” Read at NBC News ↗ The VergeLC “By Monday, The Wall Street Journal reported that DoorDash was in “advanced talks” with Instacart” Read at The Verge ↗
Left · 1According to NBC News, the companies said Instacart customers can shop at more than 50,000 additional stores on top of nearly 100,000 on the Instacart platform, DashPass and Instacart+ members will pay one membership fee instead of two, and DoorDash is expected to keep the Instacart brand and technology. The two will operate as separate, independent companies until the deal closes. NBC NewsLC “DashPass and Instacart+ members will now also pay one membership fee instead of two. DoorDash is expected to keep the Instacart brand and its technology.”“Until the transaction closes, DoorDash and Instacart will continue to operate as separate and independent companies.” Read at NBC News ↗ Left · 2DoorDash CEO Tony Xu said Instacart has learned to serve grocers well while DoorDash has built a delivery network local stores rely on, and that together they could give stores of every size more tools. Instacart CEO Chris Rogers said joining DoorDash "allows us to do even more". CBS NewsLC “"Together, we could give stores of every size more of those tools and unlock the potential of grocery delivery."” Read at CBS News ↗ NBC NewsLC “joining forces with DoorDash allows us to do even more,” Instacart CEO Chris Rogers said.” Read at NBC News ↗ Left · 1DoorDash shares rose more than 9% in pre-market trading. NBC News says DoorDash's share price has fallen about a third over the past year on rising costs, while Instacart's stock has gone nowhere in two years amid competition from Amazon and Walmart. NBC NewsLC “DoorDash shares gained more than 9% in pre-market trading Thursday.”“But over the past year, the company has seen its share price decline by approximately a third, largely due to rising costs.” Read at NBC News ↗
Left · 2The deal follows industry consolidation: DoorDash bought UK-based Deliveroo last year, and Uber owns Postmates and Delivery Hero. DoorDash already runs its own grocery delivery business, which competes with Instacart, Uber, Walmart and Amazon. NBC NewsLC “Last year, DoorDash bought United Kingdom-based Deliveroo, while Uber now owns Postmates and Delivery Hero.” Read at NBC News ↗ The VergeLC “already has its own grocery delivery business, but that faces ongoing competition from Instacart, Uber, Walmart, and Amazon.” Read at The Verge ↗ Left · 1NBC News adds that consumers are complaining about delivery prices, and that DoorDash last month settled with New York City regulators for $131.5 million over charges it deprived workers of tips. It questions how much more can be squeezed from customers. NBC NewsLC “Last month, DoorDash settled with New York City regulators for $131.5 million to resolve charges it deprived workers of millions of dollars in tips.”“it’s not clear how much more money there remains that can be squeezed out of delivery customers.” Read at NBC News ↗
Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.
Left4 outlets
- Framing
- Business-news coverage of a consolidation deal; NBC adds consumer-cost and labour context, The Verge and CBS give short breaking reports.
- Emphasis
- Deal size, expanded store access, strategic logic, market competition; NBC also stresses price complaints and the tip settlement.
- Leaves out or plays down
- No outlet gives a closing date, regulatory review or antitrust questions; only CBS gives the per-share price.
- Charged language
- “gobbles up”“delivery giant”
Centre0 outlets
No centre outlet in our sources has covered this story yet.
Right0 outlets
No right outlet in our sources has covered this story yet.
What every side reports
- DoorDash is buying Instacart for about $17 billion, announced Thursday.
- The Information and the Wall Street Journal reported on the talks beforehand.
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DoorDash is acquiring Instacart for about $17 billion.
Reported- Reports 3
- CBS News, NBC News, The Verge
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The acquisition expands DoorDash's position in grocery delivery.
Supported- Supports 3
- CBS News, NBC News, The Verge
Left5 articles
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DoorDash to acquire Instacart for $17 billion, creating delivery giant
Mixed Detailed deal report with sceptical context on costs, consumer pricing and DoorDash's tip settlement.
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DoorDash is acquiring Instacart for around $17 billion
Neutral Brief breaking report on the strategic rationale and the leak history.
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DoorDash gobbles up Instacart in $17 billion deal
Neutral Short breaking item built around the per-share price and DoorDash CEO's statement, with a playful headline.
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Centre0 articles
No coverage yet.
Right0 articles
No coverage yet.
- 29 Oct 11:27 First NBC NewsLC DoorDash to acquire Instacart for $17 billion, creating delivery giant
- 29 Oct 11:56 +29m The VergeLC DoorDash is acquiring Instacart for around $17 billion
- 29 Oct 12:03 +36m CBS NewsLC DoorDash gobbles up Instacart in $17 billion deal
- 29 Oct 12:16 +50m NBC NewsLC DoorDash to Acquire Instacart For $17 Billion
- 29 Oct 12:28 +1h 1m The IndependentLC DoorDash to buy Instacart for $17 billion in grocery delivery mega merger
Times are when each article was published, or when we first saw it if the outlet gave no time.
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