DoorDash has agreed to buy Instacart for $17 billion, bringing two major delivery businesses under one owner if the deal goes through.
Transcript
Vocabulary in this episode
- stand in the way
Both companies’ boards approved it, but stockholders, regulators, and other closing conditions still stand in the way.
These things are still obstacles that could stop the deal from being completed.
- market research firm
The Associated Press cites market research firm Consumer Edge, which says Instacart’s share of spending on U.S. delivery platforms fell from 26 percent to 18 percent over five years.
This is a company that studies markets and gives information about them.
- share of spending
The Associated Press cites market research firm Consumer Edge, which says Instacart’s share of spending on U.S. delivery platforms fell from 26 percent to 18 percent over five years.
This means the part of all money spent on delivery platforms that went to Instacart.
- keep operating separately
DoorDash says Instacart’s brand and app will remain, and the two companies will keep operating separately until the deal closes.
The companies will continue running as distinct businesses until the deal is completed.
- consolidation
The Associated Press describes the proposed deal as a major consolidation in grocery delivery.
Here, consolidation means bringing businesses together under fewer owners.
- subject to
It is expected to close at the end of 2027 or in the first half of 2028, subject to conditions.
This means the deal will close only if certain conditions are met.