Instacart held sale talks with DoorDash, Uber
Instacart held early sale talks with DoorDash and Uber, TechCrunch and Bloomberg Law reported this weekend. No deal is done yet. Instacart shares jumped more than 9 percent Friday on the news while Uber and DoorDash shares slipped a bit.
Instacart has explored a possible sale. It held acquisition talks with DoorDash. It also talked with Uber. TechCrunch and Bloomberg Law reported the story. TechCrunch said The Information reported Friday that Instacart hired an investment bank to weigh options. That report also said Instacart held talks with DoorDash. Bloomberg reported Uber talks as well. Bloomberg said Uber walked away from those discussions.
Instacart has a market value of more than $13 billion, TechCrunch said. Its stock was up about 25 percent year to date before the news spike. An Instacart spokesperson declined to comment. Bloomberg Law said Instacart shares jumped more than 9 percent Friday. Uber and DoorDash shares fell as traders priced in a possible deal.
The outlets stressed the talks are early. They may not produce a sale. Grocery delivery remains a crowded field. Larger platforms are still weighing scale and cost. No term sheet or exclusivity window has been announced.
DoorDash and Uber already compete with Instacart in parts of grocery and convenience delivery. A deal would face hard antitrust review in the United States. Bloomberg Law flagged that risk as shares moved. TechCrunch said any sale talks remain far from a signed agreement. Investors will watch for further leaks or a formal process letter.
Instacart went public in 2023 and still faces tough grocery margins. A buyer would gain shopper density and retailer ties. DoorDash and Uber already run large logistics networks. That overlap is why antitrust staff would look hard at any deal. For now the story remains reported talks, not a signed sale.
What we know: Reported talks with DoorDash and Uber are early, with no announced deal and Instacart silent beyond a no-comment.
What we don't: Whether a sale process will advance, or which buyer if any would bid.
Where outlets agree TechCrunch and Bloomberg Law report early Instacart sale talks involving DoorDash and Uber with no completed deal.
Where they differ The cited reports agree on the key facts so far.