DoorDash Acquires Instacart for $17 Billion; Wendy's Faces Takeover Bid
1 report, 1 independent
Updated Mon 00:00
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What happened
DoorDash completed its acquisition of Instacart for $17 billion. Separately, two shareholders attempted to acquire Wendy's.
From nrn.com
Why it matters
The acquisition significantly expands the market presence of DoorDash and Instacart in the delivery sector. The attempted takeover of Wendy's introduces a major shift in corporate control for the fast-food chain.
From nrn.com
Who's involved
- DoorDashAcquired Instacart for $17 billion
- InstacartWas acquired by DoorDash for $17 billion
- Wendy'sFaced an attempted acquisition by shareholders
- Nelson PeltzOne of the shareholders attempting to acquire Wendy's
Keep exploring
The entities involved
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DoorDash
American food delivery company
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Instacart
Internet-based grocery delivery service
- Tech giants Amazon and Instacart are competing in the delivery gig economy, with Sam Levine leading the city consumer protection agency.
- Consumer Reports investigates personalization practices involving Instacart and Kroger, while CT, MD, and NJ pass laws restricting surveillance pricing for retailers.