DoorDash in advanced talks to acquire Instacart in potential $17 billion deal
DoorDash is in advanced talks to acquire grocery delivery rival Instacart in a deal that could value the company at roughly $17 billion and be completed as soon as this week, according to multiple reports.
DoorDash is in advanced discussions to acquire rival grocery delivery company Instacart, with a possible agreement coming as soon as this week, according to reports by The Wall Street Journal and Bloomberg. Sources cited by Reuters and Bloomberg indicated the transaction could value Instacart at roughly $17 billion.[1][2][5][8][9][13][14][16]
Instacart, currently valued around $12 billion, began exploring a potential sale and worked with an investment bank to weigh its options, The Information reported. While the company held preliminary talks with both Uber and DoorDash, Uber is no longer in discussions. A buyout would end Instacart's 14-year run as a standalone business, though discussions could still fall apart and any combination of delivery rivals could face antitrust scrutiny.[3][6][7][10][11][12][17]
The two companies previously explored a deal in 2021 valued at $40 billion to $50 billion before talks dissolved. Instacart recently reported second-quarter revenue of $1.04 billion, an increase of 14%, and generated $480 million in free cash flow. Market reactions to the takeover reports saw Instacart shares climb while DoorDash shares moved in the opposite direction.[3][4][6][12][15]
Key facts
- DoorDash is in advanced talks to acquire Instacart, with a deal potentially announced as soon as this week.
- A takeover could value Instacart at roughly $16 billion to $17 billion, compared to its standalone valuation of about $12 billion.
- Instacart had also held preliminary discussions with Uber, but Uber is no longer in talks.
- DoorDash and Instacart previously discussed a potential deal in 2021 valued between $40 billion and $50 billion before negotiations collapsed.
- Instacart generated $1.04 billion in revenue, up 14%, and $480 million in free cash flow during its second quarter.
- An acquisition would conclude Instacart's 14-year run as an independent company, though talks could still fall apart and face antitrust scrutiny.
Sources · 12 sources
- MT
MTS@MTSlivePost on X ·
SITUATION DETECTED: DoorDash is in advanced talks to acquire its delivery rival Instacart for roughly $17 billion, per Bloomberg.
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
DoorDash in Advanced Talks to Buy Instacart, Sources Say DoorDash Deal for Instacart Could Be Finalized as Soon as This Week, Sources Say
Open source - WS
Wall St Engine@wallstenginePost on X ·
INSTACART EXPLORES SALE, HOLDS TALKS WITH UBER AND DOORDASH $CART, valued at around $12 billion, is working with an investment bank and has held preliminary discussions with $UBER and $DASH, according to The Information. Interestingly, Instacart previously held talks with DoorDash in 2021 over a potential deal valued at $40B to $50B, but negotiations fell apart. Instacart reported $1.04B in Q2 revenue, up 14%, and generated $480M in free cash flow. No deal is guaranteed, and any acquisition by a major delivery rival could face antitrust scrutiny.
Open source - BL
Bloomberg@businessPost on X ·
Shares of Instacart surged after the Information reported that the delivery and grocery-technology company is in talks to sell itself and has had preliminary conversations with Uber and DoorDash https://t.co/6NhSpsOPuK
Open source - BL
Bloomberg@businessPost on X ·
DoorDash is in advanced talks to buy its smaller rival Instacart, with a possible announcement coming as soon as this week, the Wall Street Journal reported https://t.co/edeTBMBEOP
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝗜𝗻𝘀𝘁𝗮𝗰𝗮𝗿𝘁 𝗦𝗮𝗹𝗲 𝗧𝗮𝗹𝗸𝘀 𝘄𝗶𝘁𝗵 𝗨𝗯𝗲𝗿 𝗮𝗻𝗱 𝗗𝗼𝗼𝗿𝗗𝗮𝘀𝗵 𝗣𝘂𝘀𝗵 𝗦𝘁𝗼𝗰𝗸 𝗨𝗽 𝟵% Instacart sale discussions with Uber and DoorDash sent shares up roughly 9%. A potential deal could reach USD 17 billion, but antitrust questions remain. Here is what the reports say. #Instacart #Uber #DoorDash #GroceryDelivery #Stocks #Mergers #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/qCjMgJli5U
Open source - TE
TechmemeArticle ·
Sources: Instacart, currently valued at $12B, is in talks to sell itself and held preliminary conversations with DoorDash and Uber; CART jumps 9%+ (The Information) The Information : Sources: Instacart, currently valued at $12B, is in talks to sell itself and held preliminary conversations with DoorDash and Uber; CART jumps 9%+ — Instacart is in talks to sell itself in a transaction that would cap the grocery delivery app's 14-year run as a standalone company.
Open source - RE
Reuters@ReutersPost on X ·
DoorDash in talks to buy Instacart in roughly $17 billion deal, source says https://t.co/QZoqEwOlFr
Open source - TE
Techmeme@TechmemePost on X ·
Sources: DoorDash is in advanced talks to acquire Instacart, and the deal could be completed as soon as this week (@heatherhaddon / Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
Open source - TI
The Information@theinformationPost on X ·
Exclusive: Instacart is exploring a sale and has held preliminary talks with DoorDash and Uber. A takeover could value the $12 billion grocery delivery company at roughly $16 billion to $17 billion, including a typical acquisition premium. Full story: https://t.co/LofExjBv98
Open source - TI
The Information@theinformationPost on X ·
Exclusive: Instacart is exploring a sale and has held preliminary talks with Uber and DoorDash. A typical takeover premium could value the grocery delivery company at $16 billion to $17 billion. Read more: https://t.co/v6V9IbBCn8
Open source - WS
Wall St Engine@wallstenginePost on X ·
DoorDash $DASH is in advanced talks to acquire Instacart, with a deal potentially finalized as soon as this week, according to WSJ $UBER, which previously held discussions with $CART, is no longer in talks No deal has been finalized, & discussions could still fall apart https://t.co/TX78QkmmpB
Open source - TE
TechmemeArticle ·
Sources: DoorDash is in advanced talks to acquire Instacart, and the deal could be finalized as soon as this week and could value Instacart at ~$17B (Heather Haddon/Wall Street Journal) Heather Haddon / Wall Street Journal : Sources: DoorDash is in advanced talks to acquire Instacart, and the deal could be finalized as soon as this week and could value Instacart at ~$17B — Deal could be completed as soon as this week, people familiar with the matter say — DoorDash is in advanced talks to acquire food …
Open source - RE
Reuters@ReutersPost on X ·
DoorDash in talks to buy Instacart in roughly $17 billion deal, source says https://t.co/3zmWReERjE
Open source - MA
MarketWatch@MarketWatchPost on X ·
DoorDash, Instacart shares go in opposite directions on reported buyout talks https://t.co/L8FKusBo54
Open source - TW
The Wall Street Journal@WSJPost on X ·
Exclusive: DoorDash is in advanced talks to buy food-delivery rival Instacart https://t.co/BwyeTf7NJS
Open source - EV
Evan@StockMKTNewzPost on X ·
Instacart is in talks to sell itself Instacart has been working with an investment bank to weigh its options and held at least preliminary conversations with DoorDash $DASH and Uber $UBER - The Information https://t.co/Kk9mhdLTnf
Open source