Reuters ·

DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates

DoorDash (DASH.O) said on Thursday it would buy Instacart (CART.O) in a deal valued at about $17 billion, stepping up its push …

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DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates

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Reuters — DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates ↗

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Related stories

Wall Street Journal: DoorDash is in advanced talks to acquire Instacart, and the deal could be finalized as soon as this week and could value Instacart at ~$17B

Bloomberg: DoorDash moves its Q3 earnings release from November 4 to before the market opens on October 29, amid reports of an imminent ~$17B deal to acquire Instacart

TechCrunch: DoorDash agrees to acquire Wonder's Grubhub Campus Dining business, formerly Tapingo, for $300M, and will add $125M to Wonder's $650M Series D announced in July

The Information: Instacart, currently valued at $12B, is in talks to sell itself and held preliminary conversations with DoorDash and Uber; CART jumps 9%+

Bloomberg: Uber agrees to acquire Boston-based catering platform ezCater for $2.3B in cash to help Uber Eats reach corporate clients; the deal is set to close in months

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