DoorDash (DASH) is in advanced talks to acquire Instacart (CART)
DoorDash is reportedly in advanced talks to acquire grocery delivery company Instacart, with a deal potentially valued at $17 billion and announced as soon as Thursday. While Instacart shares rose on the news, DoorDash shares declined. This acquisition would represent a significant shift in the food and grocery delivery market, where DoorDash also competes with Uber Eats and GrubHub.
- Entities
- Topic: Food Delivery
- Company: GrubHub
- Company: Uber Eats
- Company: DoorDash
- Topic: Mergers and Acquisitions
- Company: Instacart
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