Stock market
InstaDash? DoorDash To Buy Instacart For $17 Billion
InstaDash? DoorDash To Buy Instacart For $17 Billion Three days after The Wall Street Journal reported that DoorDash was in advanced talks to acquire Instacart, the companies announced a cash-and-stock deal early Thursday that values Instacart at about $17 billion. The takeover deal would expand DoorDash's delivery network and strengthen its fight against Amazon and Walmart in the online delivery battle.A news release published by DoorDash outlined the deal terms, including a $65-a-share offer, a 26% premium to Instacart's closing price last Thursday. "The aggregate transaction c