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Negotiations are under way to acquire InstaCart's takeout delivery service DoorDash Inc., bringing the release date of its earnings report almost a week forward. The company said in a statement issued on Wednesday evening local time that it currently plans to release the third quarter earnings report before the US stock market opens on October 29, rather than November 4 as previously planned. The statement did not explain the reason for the date change. People familiar with the matter revealed this week that DoorDash is in in-depth negotiations to acquire Instacart's parent company Maplebear Inc., for about $17 billion. According to people familiar with the matter, the acquisition deal for this fresh groceries app may be announced as early as this week. A final decision has yet to be made, and negotiations are still likely to break down. The negotiations come at a time of increasing competition in the field of grocery delivery. The media previously reported that Instacart had negotiated a sale to Uber Technologies Inc.
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Negotiations are under way to acquire InstaCart's takeout delivery service DoorDash Inc., bringing its earnings release date forward by nearly a week. The company said in a statement issued on Wednesday evening local time that it currently plans to release the third quarter earnings report before the US stock market opens on October 29, rather than November 4 as previously planned. The statement did not explain the reason for the date change. People familiar with the matter revealed this week that DoorDash is in in-depth negotiations to acquire Instacart's parent company Maplebear Inc., for about $17 billion. According to people familiar with the matter, the acquisition deal for this fresh groceries app may be announced as early as this week. A final decision has yet to be made, and negotiations are still likely to break down. The negotiations come at a time of increasing competition in the field of grocery delivery. The media previously reported that Instacart had negotiated a sale to Uber Technologies Inc.
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