DoorDash Stock Edges Up on Reported $17 Billion Instacart Acquisition Talks
Photo: The Crypto Basic
DoorDash (NASDAQ: DASH) stock rose 0.43% in premarket trading on Tuesday following reports that the company is in advanced talks to acquire grocery-delivery rival Instacart (NASDAQ: CART) in a potential $17 billion transaction. The Wall Street Journal reported Monday, citing people familiar with the matter, that the companies could reach an agreement as soon as this week. Reuters subsequently reported that the companies could finalize a deal as early as Wednesday, although negotiations could still fall apart.
Source: The Crypto Basic
