DoorDash reportedly in talks to buy Instacart in roughly $17 billion deal
DASH•DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion. The deal may be finalized as soon as Wednesday, but there are no guarantees.
1. Potential acquisition
DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a person familiar with the matter said. The deal may be finalized as soon as Wednesday, although there are no guarantees it will come together.
2. Talks and shares
Instacart's deal talks with Uber are no longer active, the person said. Instacart shares rose about 8% in regular trading, while DoorDash shares fell around 6%.
3. Potential strategic fit
The potential deal would give DoorDash access to Instacart's established marketplace and retailer ties, which it could combine with its delivery network and customer base. Instacart had also held preliminary discussions with potential buyers including Uber and DoorDash.
