Instacart explores sale to DoorDash or Uber, shares jump 9.2%
Briefing by News4U · First published
Instacart hired a bank to review options and held talks with DoorDash and Uber, Bloomberg and The Information reported.
TechCrunch reported that Instacart hired an investment bank to evaluate a sale and held acquisition talks with DoorDash and Uber. [1]
Bloomberg said Uber walked away from the discussions, while The Information noted the talks with DoorDash. [1]
Instacart’s market cap exceeds $13 billion and its shares rose more than 9.2% on Friday after the reports. [1]
Sources
- Instacart reportedly discussed selling itself with DoorDash and Uber
TechCrunch · · Full text