DoorDash in talks to acquire Instacart, reports say
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.
Timeline
Semafor
Source ↗Semafor reports that DoorDash is in exclusive talks to acquire Instacart, and that a combination would create a delivery giant.
Seeking Alpha
Source ↗Seeking Alpha reports that DoorDash shares fell on a report that the company is in talks to purchase Instacart.
Investing.com
Source ↗Investing.com reports, citing the Wall Street Journal, that DoorDash is in advanced talks to acquire Instacart.
Investing.com
Source ↗Investing.com reports, citing a source, that DoorDash is in talks to buy Instacart in a roughly $17 billion deal.
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.
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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