See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
mergers and acquisitionsDoorDashInstacarte-commerce
Open a keyword to see other news on the same topic.
Related news
- DoorDash inks $17 billion deal to acquire Instacart
DoorDash (DASH) is acquiring Instacart, which does business as Maplebear (CART), in a cash-and-stock deal worth $17 billion. DoorDash will pay $65 a share, a 26% premium to Instacart's closing price on October 22, when reports of the deal emerged. The deal would better position DoorDash to compete with Amazon's Whole Foods and Walmart by adding a major grocery delivery partner. DoorDash reported earnings and adjusted EBITDA that beat estimates, with marketplace gross order value up 36%, and its fourth-quarter forecast was described as in pretty good shape.
- DoorDash and Instacart want to join forces. Will the U.S. government get in their way?
- Why DoorDash Is Betting $17 Billion on Instacart
- DoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC
DoorDash could announce its bid to acquire Instacart as early as Thursday morning, sources told CNBC. Speculation has built since last week, when The Information reported Instacart was exploring a sale and had held talks with companies including Uber and DoorDash. Several outlets reported on Monday that DoorDash was in advanced talks and that the deal could value Instacart at about $17 billion. Instacart shares rose about 4% in extended trading on Wednesday, while DoorDash shares fell less than 1%.
- DoorDash soon could acquire grocery delivery service Instacart
DoorDash is reportedly in talks to acquire grocery delivery platform Instacart, possibly finalized as soon as this week in a deal valuing Instacart at around $17 billion, according to the Wall Street Journal. Instacart's shares rose nearly 19% over five days to around $60, lifting its market value to about $14 billion from about $13 billion before the report, while DoorDash shares fell 10% to close near $170 on Tuesday, a market value of about $73 billion. The deal would add a major grocery-focused platform to DoorDash, which already delivers from Kroger and Safeway and partners with CVS, Macy's and Target, and both companies rely on independent contractors. The Journal also reported that Uber once considered buying Instacart, but those talks are no longer active, and DoorDash did not immediately respond to a request for comment.
- DoorDash nears $17 billion deal to acquire Instacart, report says
According to the Wall Street Journal, DoorDash is in advanced talks to acquire Instacart in a deal that could value the business at about $17 billion, with an agreement possibly finalized as soon as this week though this is not guaranteed. The combination would join DoorDash's restaurant and retail delivery network with Instacart's relationships with grocery retailers, strengthening its position against Walmart and Amazon. DoorDash says its marketplace has more than 200,000 grocery and retail stores, while Instacart covers more than 2,200 grocery brands and 100,000 stores. Instacart generated $3.75 billion in revenue last year, compared with DoorDash's $13.72 billion. Delivery platforms are seeking growth beyond restaurant orders while facing rising labour costs, tighter regulation of delivery workers and competition from retailers building their own online services, and no transaction has been completed.
Related markets
Latest news
- The Ultimate Growth Stock to Buy With $1,000 Right Now
Dutch Bros trades at a P/E ratio of 58, more than double the S&P 500's 26, but the article argues its growth prospects still make it a rewarding investment for growth investors. The beverage chain has posted 13 straight quarters of same-store sales growth, including 5.8% comps in the second quarter, with same-shop transactions up 1.7% year over year. Diluted EPS in the second quarter rose 40% to $0.28. It started the year with 1,136 locations in 25 states, added 89 stores in the first half of the year (48 in the latest quarter), and expects to add at least 185 locations this year.
- Alphabet Raised $41 Billion in One Quarter to Pay for AI
Alphabet spent $51.355 billion on capital expenditures in Q3 2026, up 114.4% year over year, while operating cash flow of $42.290 billion did not cover that spending, leaving free cash flow at negative $9.065 billion. The company raised about $41.4 billion, including $12.371 billion from common stock sales under an at-the-market program and $28.996 billion of new debt, and repurchased no stock, compared with $11.504 billion a year earlier. Long-term debt rose to $125.102 billion from $46.547 billion at the end of 2025, and interest expense climbed to $967 million. Management kept 2026 capex guidance at $195–205 billion and expects capex to increase significantly in 2027. Google Cloud revenue rose 103% to $30.709 billion, but Alphabet shares fell 9.97% to $292.50 in after-hours trading.
- The Same $10,000 in AMD and Nvidia Could Produce Very Different Results by 2030
The article's price model projects that a $10,000 stake in NVIDIA could reach about $18,056 in its base case (an 80.56% total return), while the same amount in AMD could reach about $11,989 (19.89%), with the five-year target running to October 2031. Reference prices are $546.66 for AMD and $215.69 for NVIDIA; NVIDIA trades at about 16x forward earnings, versus about 43x for AMD after a 155.26% year-to-date rally (NVIDIA: 15.92%). NVIDIA's fiscal second-quarter revenue reached $96.22B, up 105.8%, and AMD's reached $11.54B, up 50.1%, while the article says AMD's bull case depends on its steeper growth curve. Risks cited include high volatility (betas of 2.454 for AMD and 2.216 for NVIDIA), China and export controls, margin pressure and execution risk. The article stresses that these projections are for research purposes and actual results could differ substantially.
- Microsoft's $28 Billion Cash Flow Edge Over Google Gives It an AI Advantage, Analyst Says
Microsoft generated nearly $28 billion more free cash flow than Alphabet last quarter, an advantage that D.A. Davidson analyst Gil Luria says matters in the AI race. Luria said, 'Microsoft's going to be fine. They don't need capital.'
- Caterpillar’s Earnings Plunge Hits These 3 Popular ETFs Hardest
Caterpillar shares fell 7.27% to $661.54 in the session after its third-quarter report, and CNBC named Caterpillar and Alphabet as the two earnings reports dragging the S&P 500 lower. Adjusted EPS of $7.20 beat the $7.04 consensus, but revenue of $20.68 billion, up 17.26% year over year, slightly missed the $20.69 billion expectation, and the EPS beat narrowed to 2.37% from 31.83% in Q2. Operating profit included $128 million of tariff recoveries versus $392 million in Q2, and management gave no numeric guidance, though Power Generation sales rose 30% on data-center turbines and engines. The article notes that three ETFs holding Caterpillar, XLI (8.51% weight), FIDU (5.40%) and VYM (1.50%), still rose in the session as the rest of their portfolios offset the decline.
- Microsoft's AI Bet Pays Off
Stifel's Brad Reback said Microsoft's Azure growth is beating expectations and could stay above 50% in the near term and well above 40% for the foreseeable future, supported by enterprise demand and OpenAI. He said the results increase confidence that Microsoft can sustain mid-to-upper teens revenue growth. Reback called the $25 billion bond offering, its first high-grade bonds in more than nine years, a move made from a position of strength, as Microsoft was guided to remain free cash flow positive and has about $10 billion of debt coming due. He said Oracle carries more risk because its cash flow is negative and it is concentrated on one customer, OpenAI, while Microsoft has a broader business including M365 Copilot.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.