DoorDash agrees $17 billion takeover of Instacart
DoorDash has agreed to acquire Instacart for approximately $17 billion, combining the largest US restaurant delivery platform with a leading online grocery marketplace in one of the sector’s biggest transactions. The companies announced the cash-and-share agreement on Thursday, valuing Instacart, formally Maplebear Inc, at $65 a share. That represents a 26% premium to its closing share price on…
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