9/103 sources · 2 publishersUpdated Oct 29, 01:27 UTC
DoorDash may announce acquisition of Instacart as early as Thursday
DoorDash is expected to reveal a deal to buy Instacart on Thursday morning, according to multiple sources. Instacart shares rose 4.5% in after‑hours trading following the news. The transaction could value Instacart at roughly $17 billion.
Why it matters
If the deal proceeds, DoorDash would expand its footprint in the food‑delivery market and could boost its revenue base. The announced valuation suggests a sizable premium that may affect both companies' share prices and competitive dynamics.
Key facts
- 1DoorDash may announce its acquisition of Instacart as early as Thursday morning. cnbc.com
- 2Instacart shares rose 4.5% in after‑hours trading. tradingview.com
- 3The potential deal could value Instacart at around $17 billion. tradingview.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.