The potential deal would give DoorDash access to Instacart’s established marketplace and retailer ties.Dado Ruvic/Reuters
DoorDash DASH-Q is in advanced talks to acquire Instacart CART-Q in a deal that could value the grocery-delivery platform at about US$17-billion, a source familiar with the matter told Reuters on Monday.
A deal may be finalized as soon as Wednesday, although there are no guarantees it will come together, the person said. Instacart’s deal talks with Uber are no longer active, the person added.
Shares of Instacart, which had a market value of about US$13-billion as of Friday’s close, rose about 8 per cent in regular trading, while DoorDash fell around 6 per cent.
The Wall Street Journal first reported the developments on Monday.
The potential deal would give DoorDash access to Instacart’s established marketplace and retailer ties, which it could combine with its own vast delivery network and customer base.
Instacart has been exploring a possible sale and has held preliminary discussions with potential buyers including Uber and DoorDash, the Information reported on Friday, citing people familiar with the matter.
Instacart declined to comment when contacted by Reuters, while Uber and DoorDash did not immediately respond.
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