Instacart Explores Sale; M&A Activity in Delivery/Tech
Instacart (~$12B valuation) is working with an investment bank and has held preliminary talks with Uber and DoorDash about a potential acquisition.
What we know
An account on X reports that Instacart ($CART, ~$12B) is exploring a sale and has held preliminary discussions with both $UBER and $DASH, per The Information. The report notes Instacart previously held similar talks, suggesting this is not the first time the company has explored strategic options. This comes during a broader week of market stress and macro uncertainty.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.