DoorDash Acquiring Instacart — Deal Imminent
DoorDash is in advanced talks to acquire Instacart, with a deal potentially closing as soon as this week. $CART jumped 7% and $DASH fell 6% on the news.
What we know
Multiple wires confirmed the deal simultaneously. An account on X broke it first; several accounts on X followed. Uber, which previously held discussions with Instacart, is no longer in talks. Instacart was last valued at $39B privately in 2021 when DoorDash first tried to buy it. Another account on X confirmed the market reaction: $CART up, $DASH down. Another account on X called it early on the trading side.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.