Instacart Explores Sale as Uber and DoorDash Named as Potential Buyers
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Key summary
The Information reports that Instacart is evaluating a sale of its business and has begun preliminary discussions with interested parties. The report identifies Uber and DoorDash as two companies considering the acquisition. Instacart, currently valued at approximately $12 billion based on its stock price, would likely command a higher valuation in a deal. Both Instacart, Uber, and DoorDash have declined to comment on the reports.
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Official source
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