DoorDash in talks to buy Instacart in roughly $17 billion deal

DoorDash is in advanced discussions to acquire Instacart in a potential deal that could value the grocery-delivery platform at approximately $17 billion, according to Economic Times Tech. Investing.com reports that the deal could occur as soon as this week, though the talks could still fall apart and a deal is not guaranteed.

The proposed acquisition would unite two major food and grocery delivery players but could face significant antitrust scrutiny due to their overlapping businesses. Investing.com notes that the $17 billion valuation would represent a substantial premium over Instacart's pre-report market value of about $12 billion. While the companies held acquisition talks in 2021 at a higher valuation, those discussions collapsed partly due to regulatory concerns.

Following reports that Instacart was exploring a sale and had held preliminary discussions with DoorDash and Uber, Instacart shares rose 4% on Monday, following a 9% gain on Friday. Conversely, DoorDash shares fell 5% on Monday, according to Investing.com.

Brief written by urgent.news from Economic Times Tech, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.