DoorDash is in exclusive talks to acquire Instacart, according to people familiar with the matter.
A deal is far from certain and the talks could fall apart, the people cautioned. It could not be determined what price was under discussion or how a deal would be structured.
Instacart declined to comment. DoorDash did not immediately return a request for comment. Instacart’s sale process was first reported by the Information. The Information also reported that Uber was interested in a deal for Instacart, but Bloomberg later reported that that interest had cooled.
A combination would create a home-delivery giant, fusing Instacart’s grocery-store centric platform with DoorDash’s restaurant-focused one. DoorDash previously bid for Instacart in 2021, but at a significantly higher valuation. Those talks collapsed over price and worries about antitrust pushback, neither of which hold true today. Instacart has a valuation of roughly $12 billion, but at a conservative premium would likely fetch around $15 billion. DoorDash has a market capitalization of roughly $75 billion.
its an obvious effort to monopolize the delivery market and in violation of at least the spirit of the antitrust acts, so i have to assume it will go through smoothly.
both garbage wastes of money
Those talks collapsed over price and worries about antitrust pushback, neither of which hold true today.
Just give a bribe to republicans
