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DoorDash in talks to buy Instacart in roughly $17 billion deal: Report
The grocery-delivery platform could be valued at about $17 billion as Instacart explores a sale and talks with Uber are no longer active.
- On Monday, DoorDash Inc. entered advanced talks to acquire Instacart parent Maplebear Inc. for roughly $17 billion, according to people familiar with the matter.
- Instacart shares rose about 8% in regular trading following the deal reports, while DoorDash fell around 6%; Instacart held a market value of about $13 billion as of Friday's close.
- This transaction would grant DoorDash access to Instacart's established marketplace and retailer ties, which it could combine with its own delivery network and customer base.
- Previous deal discussions between Instacart and Uber are no longer active, and no final decision has been reached; negotiations could still fall through, sources said.
- A deal could be finalized as soon as Wednesday, although there are no guarantees it will come together, according to people familiar with the matter who requested anonymity.
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DoorDash in talks to buy Instacart in roughly $17 billion deal, source says
DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday.
·London, United Kingdom
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Total News Sources8
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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