DoorDash Moves Q3 Earnings to Oct. 29 as $17 Billion Instacart Talks Advance
Updated
Updated · Yahoo Finance · Oct 29
DoorDash Moves Q3 Earnings to Oct. 29 as $17 Billion Instacart Talks Advance
3 articles · Updated · Yahoo Finance · Oct 29
Summary
DoorDash shifted its third-quarter earnings release to before the market opens on Oct. 29, nearly a week earlier than the previously scheduled Nov. 4 date.
The company gave no reason for the change, which came after reports that DoorDash is in advanced talks to buy Instacart parent Maplebear for about $17 billion.
A deal could be announced as soon as this week, though people familiar with the matter said no final decision has been made and negotiations could still collapse.
The talks underscore intensifying competition in grocery delivery, where Instacart had previously explored a possible sale to Uber, Bloomberg has reported.