DoorDash agrees $17 billion acquisition of Instacart
DoorDash ($DASH) signed a definitive agreement to buy Instacart ($CART) for approximately $17 billion in equity value, or $65 per share. At least 75% of the aggregate consideration will be cash; shareholders can elect cash, DoorDash shares or a combination, subject to proration. The proposed combination would pair DoorDash’s delivery network with Instacart’s grocery marketplace, retailer software and advertising business. Completion is expected in late 2027 or the first half of 2028 and requires
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