Deals of the day: Mergers and acquisitions
CART•ADT agreed to be acquired by Thrive Holdings in an all-cash deal valuing it at about $7.6 billion, while DoorDash said it would buy Instacart for about $17 billion. Carlyle and the EBRD agreed to sell Black Sea Oil & Gas to Mazarine, and Marvell was reported to be in advanced talks to buy Lumentum.
1. Security and delivery deals
ADT said it agreed to be acquired by Thrive Holdings in an all-cash deal that values the residential security company at about $7.6 billion. DoorDash said it would buy Instacart in a deal valued at about $17 billion, as it steps up its push into the US grocery delivery market.
2. Other reported transactions
Carlyle and the EBRD agreed to sell Romanian energy company Black Sea Oil & Gas to Dutch firm Mazarine; the sale price was not disclosed. Marvell Technology was in advanced talks to buy data-center optics maker Lumentum Holdings, with an announcement potentially possible as soon as the following week, a source familiar with the matter said.
