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DoorDash in talks to acquire Instacart, reports say

By ChordNews · First written (new coverage )

DoorDash in exclusive talks to acquire Instacart
Image: semafor.com
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Summary

Several outlets report that DoorDash is in talks to acquire Instacart. Semafor reports that the two companies are in exclusive talks and that a combination would create a delivery giant. Investing.com, citing the Wall Street Journal, reports that the talks are advanced, and a separate Investing.com report, citing a source, puts the potential deal at roughly $17 billion. MarketWatch, citing the Wall Street Journal, reports that the deal would value Instacart at roughly $17 billion, and it frames the possible deal as a way to keep up with Walmart and Amazon, according to analysts. Seeking Alpha reports that DoorDash shares fell on the report of the talks. Bloomberg reports, citing people familiar with the matter, that DoorDash is in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion. The articles give no confirmation from either company.

This continues an earlier story: Instacart reportedly discussed a sale with DoorDash and Uber

Later: DoorDash to Buy Instacart for About $17 Billion · DoorDash to buy Instacart in $17bn deal, the firms say · DoorDash Agrees to Buy Rival Instacart in $17 Billion Deal · DoorDash's proposed Instacart deal may draw FTC scrutiny amid cost-of-living concerns · DoorDash buys Instacart, creating a US online grocery rival to Walmart

Timeline

  1. Semafor

    Source ↗

    Semafor reports that DoorDash is in exclusive talks to acquire Instacart, and that a combination would create a delivery giant.

  2. Seeking Alpha

    Source ↗

    Seeking Alpha reports that DoorDash shares fell on a report that the company is in talks to purchase Instacart.

  3. Investing.com

    Source ↗

    Investing.com reports, citing the Wall Street Journal, that DoorDash is in advanced talks to acquire Instacart.

  4. Investing.com

    Source ↗

    Investing.com reports, citing a source, that DoorDash is in talks to buy Instacart in a roughly $17 billion deal.

  5. MarketWatch

    Source ↗

    MarketWatch reports, citing the Wall Street Journal, that DoorDash was in advanced talks to buy Instacart in a deal valuing Instacart at roughly $17 billion, and that analysts see the possible deal as a way to keep up with Walmart and Amazon.

  6. Bloomberg

    Source ↗

    Bloomberg reports, citing people familiar with the matter, that DoorDash is in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion.

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