EconomicGlobal
DoorDash to acquire Instacart for $17 billion
Published:
News summary
DoorDash will acquire Instacart for about $17 billion, the companies announced Thursday. DoorDash will pay $65 a share in cash and stock, an 11% premium to Instacart's closing price on Wednesday, and about 26% above Instacart's closing price on Oct.
- Importance
- Low · 24/100
- Impact direction
- Uncertain