Instacart is reportedly in talks for sale
CART•Instacart is exploring a possible sale and has held preliminary discussions with potential buyers including Uber and DoorDash, reportedly. The company has a market value of about $12 billion, and there is no guarantee the discussions will lead to a deal.
1. Preliminary sale talks
Instacart is exploring a possible sale and has held preliminary discussions with potential buyers including Uber and DoorDash, reportedly. The discussions are ongoing, with no guarantee they will lead to a deal.
2. Market reaction
Instacart shares closed about 9% higher and rose nearly 1% in extended trading. Uber shares closed down nearly 3%, while DoorDash fell more than 4%. Instacart's market value is about $12 billion.
