Ville Heiskanen / Bloomberg : DoorDash moves its Q3 earnings release from November 4 to before the market opens on October 29, amid reports of an imminent ~$17B deal to acquire Instacart — DoorDash Inc., the food delivery provider in talks to take over Instacart, moved its earnings release date forward by almost a week.
DoorDash moves its Q3 earnings release from November 4 to before the market opens on October 29, amid reports of an imminent ~$17B deal to acquire Instacart (Ville Heiskanen/Bloomberg)
In short
DoorDash has moved up its third-quarter earnings report from November 4 to the morning of October 29 before the market opens. The almost week-long schedule adjustment arrives alongside reports that the company is close to securing a major acquisition. Specifically, the food delivery firm is in ongoing discussions to purchase grocery delivery platform Instacart. The prospective transaction between the two delivery giants is valued at approximately $17 billion.
Key points
- The abrupt rescheduling of quarterly earnings aligns with reports of an imminent major de…: The abrupt rescheduling of quarterly earnings aligns with reports of an imminent major delivery sector acquisition.
- DoorDash is preparing to expand its delivery presence through an estimated $17 billion pu…: DoorDash is preparing to expand its delivery presence through an estimated $17 billion purchase of Instacart.
- Market participants will receive the third-quarter corporate results several days earlier…: Market participants will receive the third-quarter corporate results several days earlier than previously planned.