DoorDash CEO Says Timing Was Right for Instacart Deal
DoorDash’s CEO said the timing was right for the Instacart deal, citing the strength of DoorDash’s core business.
Story updates
01:14:32 PM UTC
SquawkNews
DoorDash NASDAQ:DASH could announce a deal to acquire Instacart parent Maplebear NASDAQ:CART as early as this morning, CNBC reported, citing people familiar with the matter. Instacart shares rose 4.59% in premarket, while DoorDash gained 2.01%.Several outlets reported that DoorDash was in advanced…