DoorDash falls 13% on Instacart deal concerns

 DoorDash shares plunged 13% on Thursday as investors assessed the potential risks of its planned $17 billion acquisition of Instacart. The deal, announced last week, is expected to face regulatory scrutiny and could take until late 2027 or early 2028 to close, leaving a lengthy period of uncertainty.

The transaction has also raised concerns about financing costs, integration challenges and increased pressure from retailers worried about the combined company's market power. DoorDash has instructed employees not to connect with Instacart staff on LinkedIn until the deal closes, reflecting requirements to keep both businesses operating independently pending approval.

https://breakingthenews.net/Article/DoorDash-falls-13-on-Instacart-deal-concerns/67496866