4 hours ago - Economy
Instacart shares soared on DoorDash takeover talk
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Instacart shares hit an all-time high on Monday, before a slight Tuesday pullback, following reports that the grocery delivery giant is nearing a sale to DoorDash.
Zoom in: Both the WSJ and Reuters put around a $17 billion price on the prospective deal, which would work out to over $70 per Instacart share, although neither said if DoorDash would pay all cash or cash and stock.
