DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday.
Instacart had a market value of about $13 billion at Friday's close, and a deal could be finalized as soon as this week
Instacart shares rose about 8% in regular trading, while DoorDash fell about 6%.
DoorDash stock fell sharply after reports it could buy Instacart. Analysts say the deal would weigh on the stock in the short-term.
In July, Instacart bought Israeli AI start-up Arpalus that provides real-time visibility into supermarket shelves.
DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday.A deal...
DoorDash is in advanced talks to buy Instacart for around $17 billion, according to people familiar with the matter. A deal could be announced in the coming days, assuming it doesn’t fall apart...
DoorDash is in advanced talks to acquire grocery delivery rival Instacart in a deal valued at approximately $17 billion, according to reports from The Wall Street Journal and Reuters. The...
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