Deals · Updated 24 Oct, 10:19 am IST
Instacart holds preliminary talks with Uber and DoorDash about possible sale
Why it matters for readers: It matters because big delivery companies are talking about combining or buying rivals, which could affect prices and services you use.
- Instacart has held preliminary discussions with potential buyers including Uber and DoorDash, according to The Information.1
- The report said discussions are ongoing and there is no guarantee they will result in a transaction.1
- Instacart's market value was reported at about $12 billion and its shares rose roughly 9% on the news.1
- Shares of Uber and DoorDash fell after the report, while Instacart shares closed higher.1
Get a brief like this every morning
Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.
Get started