DoorDash announces Instacart acquisition for $65 per share

DoorDash reported solid third-quarter financial results, highlighted by a 28% year-over-year increase in total orders and a 36% growth in marketplace Gross Order Value. Alongside the earnings, the company announced its acquisition of Instacart for $65 per share, representing an approximate $17 billion valuation. The author notes that this transaction dwarfs DoorDash's previous acquisition of Deliveroo. Open article →