That was fast! DoorDash said this morning that it agreed to buy grocery delivery app Instacart for roughly $17 billion, mostly in cash financed by borrowing, just a few days after we reported that Instacart was in talks to sell itself. After our report, DoorDash and Instacart rushed to seal the deal at a roughly 30% premium to where Instacart shares traded before we broke the news of their talks. They wanted to get i
The Information ·