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DoorDash finalizing $15.2 billion acquisition of delivery rival Instacart

FinanceInternationalExpansión40 s readAI summary
Image: Expansión

DoorDash is finalizing the acquisition of its rival Instacart for $15.2 billion, according to The Wall Street Journal, which says the deal could be announced this week although there is no guarantee the talks will succeed. Instacart, which went public in 2023, rose nearly 8% on Monday after the report and has a market value of around $14.3 billion. DoorDash is valued at about $74 billion, five times more. The deal would strengthen its food and grocery delivery business.

In 40 seconds

  • DoorDash is negotiating to buy Instacart for $15.2 billion, according to The Wall Street Journal.
  • An announcement could come this week, with no guarantee the talks will succeed.
  • Instacart rose nearly 8% on Monday and is worth about $14.3 billion; DoorDash is valued at about $74 billion.
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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