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News about Instacart
5 stories tagged with this keyword.
- A possible DoorDash-Instacart deal is all about keeping up with Walmart and Amazon, analysts say
- DoorDash in advanced talks to acquire Instacart: WSJ
The Wall Street Journal reports that DoorDash is in advanced talks to acquire Instacart, which is valued at $17 billion, in a deal that could be completed in the coming week.
- An Instacart Sale Could Make Sense. Here’s Why.
- DoorDash in advanced talks to acquire Instacart, WSJ reports
The Wall Street Journal reports DoorDash is in advanced talks to acquire Instacart, possibly with a deal as soon as this week, though the talks could still fall apart. Instacart shares rose 4% on Monday after a 9% gain on Friday, while DoorDash shares fell 5%. The deal could value Instacart at around $17 billion, a substantial premium to its pre-report value of about $12 billion. Instacart has faced slowing growth since its 2023 IPO amid competition from DoorDash, Uber and Amazon, and a combination could face significant antitrust scrutiny given the overlapping businesses. The two companies held acquisition talks in 2021 at a reported valuation of $40 billion to $50 billion, which collapsed partly over regulatory concerns.
- Instacart Is Pursuing a Sale, Report Says. Here's What Makes It Enticing.
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