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DoorDash is reportedly in advanced talks to acquire food delivery company Instacart in a deal that could value the company at around $17 billion.
A deal could be reached as early as this week, although there is no guarantee the negotiations will result in an agreement, the Wall Street Journal reported Monday, citing people familiar with the discussions.
Investors sent company stocks in opposite directions following the report’s release.
Instacart shares rose about 8% on Monday, while DoorDash shares fell about 6%.
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DoorDash is reportedly in advanced talks to acquire food delivery company Instacart. (Andrew Harrer/Bloomberg via Getty Images)
Instacart was valued at about $13 billion before news of the potential transaction surfaced, compared to DoorDash’s market cap of about $73 billion, according to the Wall Street Journal.
The acquisition would give DoorDash a greater presence in the grocery delivery market as it continues to expand beyond its roots in restaurant delivery.
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Instacart shares rose about 8% on Monday, while DoorDash shares fell about 6%. (Cheng Xin/Getty Images)
Instacart previously considered a 2021 sale.
Since then, competition in the grocery delivery space has intensified as Walmart and Amazon have expanded their offerings, the Wall Street Journal reported.
The potential deal with Instacart would come about a year after DoorDash completed its acquisition of British food delivery company Deliveroo.
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The acquisition would give DoorDash a greater presence in the grocery delivery market as it continues to expand beyond its roots in restaurant delivery. (Jakub Porzycki/NurPhoto via Getty Images)
The transaction became effective in 2025 after court approval, expanding DoorDash’s global footprint and adding Deliveroo’s operations in several international markets.
DoorDash also completed the acquisition of Finnish delivery company Wolt in 2022, an all-stock transaction that then expanded the combined company’s presence to 27 countries.
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DoorDash and Instacart could not immediately be reached by FOX Business for comment.
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