Instacart in talks for sale: The Information
SynopsisShares of Instacart closed about 9% higher and were up nearly 1% in extended trading. The company currently has a market value of about $12 billion.Listen to this article in summarized formatGrocery delivery…
Synopsis
Shares of Instacart closed about 9% higher and were up nearly 1% in extended trading. The company currently has a market value of about $12 billion.Listen to this article in summarized format
Grocery delivery platform Instacart is 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.Shares of Instacart closed about 9% higher and were up nearly 1% in extended trading. The company currently has a market value of about $12 billion.
Meanwhile, shares of Uber closed down nearly 3% while DoorDash fell more than 4%.
Instacart, Uber and DoorDash did not immediately respond to Reuters' requests for comment.
Discussions are ongoing and there's no guarantee they will lead to a deal, the report said. Add as a Reliable and Trusted News Source Add Now!
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
