From Inc · · 50s
Instacart Sells to DoorDash or Uber?
Instacart seeks buyers for its grocery delivery app after Uber declines.
In brief
Instacart seeks buyers for its grocery delivery app after Uber declines. Instacart is exploring sales to DoorDash or Uber, but Uber has withdrawn from talks. Originally reported by Inc.
Quick answers
- Instacart Sells to DoorDash or Uber?
- Instacart is reportedly sounding out potential suitors including DoorDash and Uber for a possible sale.
- What is the key takeaway from Instacart Sells to DoorDash or Uber??
- Instacart is exploring sales to DoorDash or Uber, but Uber has withdrawn from talks.
Instacart Sells to DoorDash or Uber?
Instacart is reportedly sounding out potential suitors including DoorDash and Uber for a possible sale.
Uber Withdraws from Talks
Uber has already decided not to pursue an acquisition of Instacart, according to Bloomberg.
DoorDash Leads Contenders
DoorDash appears as the leading contender for a potential acquisition of Instacart.
Market Reaction
Instacart shares surged 9.2 percent to close at $56.44, just below its 52-week high of $57.98.
No Public Comments
None of the three companies has publicly commented on the discussions regarding potential acquisitions.
The big picture
Instacart is exploring sales to DoorDash or Uber, but Uber has withdrawn from talks.
