DoorDash reportedly in advanced talks to acquire Instacart for about $17 billion

Business · First reported 26 Oct, 19:30 · Updated 08:30

A report says DoorDash is in advanced talks to buy Instacart in a deal valued at about $17 billion, though completion is not guaranteed. The available centre coverage consists of headlines; the detailed account also describes market reactions and Instacart’s planned shutdown of its Caper Cart business.

DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery company at about $17 billion; the source cited by Reuters said a deal might be finalized as soon as Wednesday, but was not guaranteed.
The source said Instacart’s talks with Uber were no longer active. Instacart shares rose about 8% in regular trading, while DoorDash shares fell around 6%.
The detailed account says the companies are expanding into grocery and retail as delivery firms face higher labor costs, tighter regulation of delivery workers, and competition following a slowdown in pandemic-era online ordering growth.
Instacart said in a regulatory filing that it would wind down its Caper Cart smart shopping-cart business by the end of the second quarter of 2027, with expected pre-tax charges of $55 million to $80 million.

Summary written by Lux AI from 3 articles

Key facts

Potential deal value: About $17 billion.
Deal status: Advanced talks, with no guarantee of completion.
Instacart share movement: Rose about 8% in regular trading.
DoorDash share movement: Fell around 6%.
Caper Cart wind-down: Planned by the end of the second quarter of 2027; expected pre-tax charges are $55 million to $80 million.