Updated version 1 - Correction - Sources say DoorDash is in talks to acquire Instacart for about $17 billion.
路透社2026/10/26 20:43Supplemented stock information in the second paragraph and added background information throughout the article.
Echo Wang
Reuters, October 26 - A source familiar with the matter told Reuters on Monday that DoorDash (DASH.O) is in advanced talks regarding the acquisition of Instacart (CART.O), in a deal that could value the grocery delivery platform at around $17 billion.
The person said the transaction could be finalized as soon as Wednesday, but there is no guarantee a final agreement will be reached. The source added that acquisition negotiations between Instacart and Uber are no longer ongoing.
As of last Friday’s close, Instacart’s market cap was about $13 billion, with its share price rising approximately 8% during regular trading hours, while DoorDash shares fell about 6%.
The Wall Street Journal first reported this development on Monday.
This potential transaction would give DoorDash access to Instacart’s established marketplace platform and retailer relationships, and could combine them with its own extensive delivery network and customer base.
According to The Information, which cited sources familiar with the matter on Friday, Instacart has been exploring possible sale options and has held preliminary discussions with potential buyers including Uber and DoorDash (link).
When contacted by Reuters, Instacart declined to comment; Uber and DoorDash did not immediately respond.
(To assist non-English speakers, Reuters has automated translation of its reports into several other languages. Because automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely as a convenience to readers. Reuters accepts no responsibility for any damage or loss arising from use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan Private Bank: Without the end of the rate hike cycle, gold prices are unlikely to bottom out, and there is almost no support below $4,000.
JPMorgan Private Bank believes that before interest rates reach their peak, it will be difficult to confirm a bottom for gold prices. Thin liquidity coupled with expectations of further rate hikes this year present significant downward pressure. Chinese consumers are increasing their physical gold holdings, providing some support; however, Indian buyers are delaying festival purchases due to expectations that the price decline has not yet ended, substantially weakening demand-side support. For gold prices to regain upward momentum, multiple conditions need to coincide, including a drop in oil prices, cooling inflation, and a weaker US dollar.
JPMorgan raises the target price of VISA to $455.
Net loss narrows by 90% and North American operations turn profitable, but Stellantis (STLA.US) still struggles to relieve cash flow pressure
Stellantis (STLA.US) released its third quarter results on October 28: net revenue reached 37.611 billions euros, an increase of 1% year-on-year, surpassing the market expectation of approximately 36.4 billions euros.
Crypto prices
More
