CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

DoorDash in talks to buy Instacart in roughly $17 billion deal, source says

By Reuters News

By Echo Wang

Oct 26 (Reuters) - DoorDash DASH.O is in advanced talks to acquire Instacart CART.O in a deal that could value the grocery-delivery platform at about $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 Instacart's deal talks with Uber are no longer active, the person added.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 $13 billion as of Friday's close, rose about 8% in regular trading, while DoorDash fell around 6%.

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.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.