Instacart shares jump 9.2% on news of potential sale
UBER Uber Technologies Inc
$66.70 -3.43%
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- 1Instacart shares rose 9.2% on Friday.
- 2Instacart is considering a sale and has held preliminary discussions with Uber and DoorDash.
- 3Instacart's estimated enterprise value is $16 billion to $17 billion, assuming an acquisition premium of 30% to 40%.
So what's the key point?
News surfaced that a company called Instacart might be sold to another company. The stock price rose significantly because the buyer might offer a higher price than the current value.
Source Investing.com +2 · View original ↗
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