DoorDash is in advanced talks to buy Instacart at a reported $17B valuation
Reuters reports DoorDash could finalize the deal as soon as October 28th, though talks may still fail. Instacart's market value was about $13B at Friday's close.
By Ryan Merket · Published
Primary source: Reuters
Why it matters
An acquisition would give Tony Xu's DoorDash access to Instacart's grocery marketplace and retailer ties, extending the company's reach beyond its restaurant and local-commerce base. The reported valuation is provisional, and the talks could still fail.
DoorDash, led by co-founder and CEO Tony Xu, is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, Reuters reported on October 26th, citing a person familiar with the matter.…
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