Key facts
- Instacart is exploring a possible sale.
- Preliminary discussions have been held with potential buyers including Uber and DoorDash.
- The company has hired an investment bank to help evaluate its options.
Instacart in talks for possible sale, The Information reports
IN SHORT
Instacart is exploring a possible sale and has held preliminary discussions with potential buyers including Uber and DoorDash, The Information reported on Friday. The grocery delivery platform is reportedly in talks for a potential acquisition.
Key Numbers
13 billionInstacart market cap
25%Instacart stock price gain year-to-date
9.2%Instacart stock price spike on Friday
Who's Involved
Instacart
grocery delivery platform exploring a possible sale
The Information
reported Friday citing people familiar with the matter
DoorDash
potential buyer in discussions with Instacart
Uber
potential buyer in discussions with Instacart
↳ Why This Matters
Instacart's potential sale could reshape the grocery delivery market, impacting competitors like Uber and DoorDash.