Instacart reportedly weighs a sale as DoorDash and Uber talks draw attention

Business · First reported 23 Oct, 19:54 · Updated 22:11

Reports say Instacart has discussed a possible sale with DoorDash and Uber and hired an investment bank to assess its options. The talks are preliminary, and no deal has been reported; coverage also notes potential regulatory and business considerations.

Reports say Instacart hired an investment bank to evaluate its options and held discussions with DoorDash and Uber about a possible sale.
The reports describe the discussions as preliminary; a sale remains uncertain, and Instacart declined to comment.
One report put Instacart’s market value at more than $13 billion, while another estimated roughly $12 billion and said a takeover might be worth $16 billion to $17 billion.
Coverage cited potential antitrust scrutiny because both prospective buyers compete in grocery delivery; earlier DoorDash-Instacart discussions reportedly broke down partly over regulatory concerns.
The reports also noted market reactions: Instacart shares rose more than 9.2% on Friday, while Uber and DoorDash shares declined.

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Key facts

Reported prospective buyers: DoorDash and Uber
Status: Preliminary discussions; no agreement reported
Instacart market value estimates in supplied reports: More than $13 billion in one report; roughly $12 billion in another
Estimated takeover value: Roughly $16 billion to $17 billion, based on a 30% to 40% premium
IPO valuation: US$9.9 billion in September 2023