DoorDash inks $17 billion deal to acquire Instacart

Delivery app DoorDash (DASH) is acquiring Instacart — which does business as Maplebear (CART) — in a cash-and-stock deal worth $17 billion. The 8:30 Hosts Jake Conley, Julie Hyman, and Pras Subramanian dive into the details of the acquisition and DoorDash's recent earnings results. Video Transcript 00:00 Speaker A It's official. DoorDash will buy Instacart, valuing Instacart at $17 billion. Uh DoorDash will pay $65 a share in cash and stock, representing a 26% premium to Instacart's closing price as of October 22nd, when reports came out from the Journal and others that this deal was going to happen. Now, adding Instacart we we talked about before gives gives DoorDash a major grocery delivery partner.