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DoorDash in exclusive talks to acquire Instacart
Semafor • • business
Key Points:
- DoorDash is in exclusive talks to acquire Instacart, though the deal is not guaranteed and details on price or structure remain unclear.
- A merger would combine Instacart’s grocery delivery platform with DoorDash’s restaurant delivery service, creating a significant home-delivery company.
- Instacart is valued around $12 billion, potentially fetching $15 billion with a premium, while DoorDash’s market capitalization is about $75 billion.
- Previous acquisition talks in 2021 failed due to price disagreements and antitrust concerns, but current conditions appear more favorable for a deal.
- The combined entity would face competition from Amazon and Walmart, and antitrust scrutiny is expected to remain light under the current administration but could intensify if Democrats gain power.
