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DoorDash reportedly in advanced talks to acquire Instacart
Fox Business • • business
Key Points:
- DoorDash is reportedly in advanced talks to acquire Instacart in a deal potentially valuing Instacart at around $17 billion, with an agreement possibly reached as early as this week.
- Following the news, Instacart's stock rose about 8%, while DoorDash's shares fell roughly 6%, reflecting investor reactions to the potential transaction.
- The acquisition would strengthen DoorDash’s position in the grocery delivery market, complementing its existing restaurant delivery services and expanding its footprint beyond the U.S.
- This deal follows DoorDash’s recent acquisitions of Deliveroo and Wolt, which expanded its global presence to 27 countries by 2025.
- Instacart previously considered a sale in 2021 amid growing competition from Walmart and Amazon in grocery delivery.
