Instacart in talks for sale, The Information reports
The talks could value Instacart at up to $17 billion, and any takeover by Uber or DoorDash may face antitrust scrutiny, the report said.
- On Friday, grocery delivery platform Instacart explored a possible sale and held preliminary discussions with Uber and DoorDash, The Information reported, citing people familiar with the matter.
- Instacart faces pressure from retailers building their own digital channels and larger platforms bundling grocery with other services, prompting the company to evaluate strategic options with an investment bank.
- Shares of Instacart closed about 9% higher Friday following the report, while the company carries a market value of about $12 billion; a typical takeover premium could value it at roughly $16 billion to $17 billion.
- Emarketer analyst Zak Stambor said the Trump administration has shown "greater willingness" to approve deals, though any acquisition would likely face intense antitrust scrutiny consolidating the largest U.S. food-delivery platforms.
- DoorDash previously held talks to acquire the company, legally known as Maplebear, in 2021, but those discussions collapsed over antitrust concerns; current preliminary conversations carry no guarantee of a deal.
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Instacart reportedly in talks to sell itself to Uber or DoorDash in potential $17 billion deal - Tech Startups
Instacart, the grocery delivery company that became a household name during the pandemic, is reportedly exploring a sale that could value the business at up to $17 billion and end its 14-year run as an independent company. Uber and DoorDash, […] The post Instacart reportedly in talks to sell itself to Uber or DoorDash in potential $17 billion deal first appeared on Tech Startups.
Instacart Has Held Early Sale Talks With Uber and DoorDash, Report Says
Instacart is exploring a sale and has held preliminary talks with Uber and DoorDash, among other potential buyers, The Information reported Friday, citing people familiar with the matter. The grocery delivery company, legally named Maplebear, has been working with an investment bank to weigh its options, according to the report, which said the discussions are ongoing and may not lead to a deal. Instacart shares closed about 9% higher. Uber fell …
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