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DoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC
Bloomberg's Ryan Gould joins Scarlet Fu on "Bloomberg Deals." DoorDash is in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion, according to people familiar with the matter.
Uber walked away, DoorDash stepped in, and now Instacart shareholders are watching their stock climb while DoorDash investors are bailing out fast, raising a real question about who actually wins in this reported grocery delivery megadeal.
DoorDash Inc. (NASDAQ:DASH) shares are in the spotlight Tuesday, with a report that it is in advanced talks to acquire Instacart parent Maplebear Inc. (NASDAQ:CART) and third-quarter earnings on deck.
A big change up could be coming to the food delivery sector.
DoorDash is reportedly about to buy Instacart, Meta taps market to raise $35 billion, and more…
DoorDash (DASH) is in advanced talks to acquire Instacart (CART) for about $17B, potentially closing this week. A DASH/CART merger is seen as the strongest response to Amazon and Walmart's growing grocery delivery presence.
Maplebear Inc. (NASDAQ: CART - Get Free Report) CFO Emily Reuter sold 50,000 shares of the company's stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $55.00, for a total transaction of $2,750,000.00. Following the sale, the chief financial officer owned 599,337 shares in the company,