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DoorDash in advanced talks to buy Instacart, reports say
Techmeme, citing the Wall Street Journal, and Reuters said DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery company at about $17 billion.
- Techmeme is now reporting this
- New headline Was: “DoorDash in talks to buy Instacart in roughly $17 billion deal, source says”
- Our desk filed its story
DoorDash is in advanced talks to acquire grocery-delivery company Instacart in a transaction that could value Instacart at about $17 billion, according to people familiar with the matter cited by the Wall Street Journal and by Reuters1,2.
Techmeme highlighted Heather Haddon's Journal report on Monday, saying the talks could be finalized as soon as this week if they do not fall apart1.
A Reuters source said a deal could come together as soon as Wednesday, with no guarantee it will close2.
Instacart had a market value of about $13 billion as of Friday's close, Reuters said; its shares rose about 8% in Monday trading while DoorDash shares fell around 6%2.
The Information reported last week that Instacart had drawn takeover interest from DoorDash and Uber1,2.
The Journal and Reuters both said Instacart's talks with Uber are no longer active1,2.
Reuters said Instacart declined to comment, and that Uber and DoorDash did not immediately respond2.
Whether the companies will sign an agreement, and on what terms, is unknown1,2.
Sources
How it’s being reported
2 sourcesFirst reported by 
Techmeme
TechmemeFirstSources: DoorDash is in advanced talks to acquire Instacart, and the deal could be finalized as soon as this week and could value Instacart at ~$17B (Heather Haddon/Wall Street Journal)
The Journal's sourcing that talks are advanced and could wrap this week at about $17 billion.
Techmeme points to Heather Haddon's Wall Street Journal report that DoorDash is in advanced talks to buy Instacart, with a possible close this week and a valuation around $17 billion.
Leaves out Company comment and Monday share moves.
DoorDash in talks to buy Instacart in roughly $17 billion deal, source says
Leads with what someone said.
Where they agree
- DoorDash is in advanced talks to acquire Instacart.
- A deal could value Instacart at about $17 billion.
- Talks with Uber are no longer active.
- Nothing is guaranteed to close.
Where they differ
How soon a deal could close