DoorDash is in advanced talks to acquire its rival, which could be announced as soon as this week, according to people familiar with the matter. While financial terms have not been disclosed, the potential deal would mark a significant consolidation within the competitive food delivery market.
This move by DoorDash comes as the industry faces increasing pressure from both established players and new entrants. The acquisition, if finalized, would likely alter market dynamics, potentially impacting pricing, service offerings, and customer choice across the sector. Further details are expected to emerge as negotiations progress.