Instacart shops itself around, eyes sale to DoorDash or Uber
Instacart is quietly shopping itself around. The delivery giant has had at least preliminary talks with DoorDash and Uber about a sale, according to The Information. A deal could value Instacart at $16 billion to $17 billion, up from its current $12 billion valuation. Talks are ongoing, and nothing's locked in.
Instacart is testing the waters for a sale. The delivery company has held at least preliminary talks with DoorDash and Uber about a potential takeover, according to The Information, which cited people familiar with the matter. The report landed Friday.
The price tag could get spicy. Instacart currently carries a $12 billion valuation, but a deal could fetch $16 billion to $17 billion, per the report. That's a serious premium.
But hold your horses. Sources stressed that discussions are still in progress and there's no guarantee a deal gets done. Talks could fizzle out.
If it happens, it's a big shake-up. DoorDash and Uber are already major players in delivery, and scooping up Instacart would make one of them even bigger. For now, it's a waiting game.
TopicsInstacart · DoorDash · Uber · The Information
Source: breakingthenews.net
Written by Paparazzi with AI. Not financial advice.
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