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DoorDash Agrees to Acquire Instacart in Deal Valued at About $17 Billion

DoorDash announced an agreement to acquire Instacart for approximately $17 billion and reported third-quarter results that beat analyst estimates.

CARTDASH
SquawkNews Desk

DoorDash (DASH) shares surged on Thursday after the company announced an agreement to acquire Instacart (CART) in a deal valued at approximately $17 billion, and also reported its third-quarter results that beat analyst estimates.“Grocery is one of the hardest things to get right online,” DoorDash…

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