Instacart is exploring a sale, and Uber has already walked away
The Information says the grocery app has hired an investment bank and held early talks with DoorDash. News of a possible Instacart sale lifted its shares 9.2% to $56.44 on Friday.
Via TNW | Merge-and-acquisition
Instacart is exploring a sale and has held at least preliminary talks with DoorDash and Uber. Valida Pau, Jessica E. Lessin and Cory Weinberg reported this for The Information on 23 October, citing people familiar with the matter. The grocery delivery company is working with an investment bank to weigh its options, the outlet said.
The talks with Uber appear to have fizzled, The Information said later. Bloomberg’s Mark Gurman heard the same from his own source: Uber walked away…
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