U.S. Stocks in Motion | $17 Billion Acquisition of Instacart Enters Countdown, DoorDash (DASH.US) Rises Over 6%

Zhito Finance APP has learned that on Thursday, U.S. food delivery provider DoorDash (DASH.US) opened higher, rising more than 6% as of press time. On the news front, DoorDash released its third-quarter results before the U.S. market opened. The company's third-quarter revenue was $4.62 billion, versus expectations of $4.56 billion; it expects fourth-quarter marketplace gross order value (GOV) of $35.4 billion to $36.4 billion, versus market expectations of $35.77 billion. In addition, DoorDash said in a statement that it has agreed to acquire Instacart at a valuation of approximately $17 billion. DoorDash will pay consideration of $65 per share in a cash-and-stock deal.