Deals·October 23, 2026 at 4:22 PM EDT·4 sources
Instacart Rallies on Report of Sale Talks With Uber, DoorDash
CART +9.2%UBERDASH
CART · last 30 trading days+9.2% since the news
News
Reported current valuation$12B
Closing share price$56.44
What happened
- Instacart is in talks to sell itself and held preliminary conversations with Uber Technologies and DoorDash.
- Instacart has been working with an investment bank to weigh its options.
- Instacart shares jumped 10% and closed at $56.44 after the report.
Reported current valuation
$12B
Share move
10%
Closing share price
$56.44
Standalone operating history
14-year
Why it matters
A potential sale would affect consolidation in grocery delivery and could create implications for strategic buyers, technology investors and consumer-focused dealmakers. The reported talks also provide a market signal on Instacart’s standalone valuation.
What to watch. Further developments in Instacart’s sale process and whether discussions with Uber or DoorDash advance.
Deal terms
acquisition
Uber Technologies Inc. and DoorDash Inc. → Instacart
Value
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Timeline
- EarlierOct 14From Charles Schwab to DoorDash: Why these bargain stocks could lead the market higher
- EarlierOct 19Uber Wins Bid to Dismiss £250 Million Black Cab Driver Suit
- EarlierOct 22Uber puts all 30,000 employees on ChatGPT Work
- EarlierOct 23Instacart Is Exploring a Sale
- First reported by BloombergYesterdayInstacart Rallies on Report of Sale Talks With Uber, DoorDash
- Techmeme reportsYesterdaySources: Instacart, currently valued at $12B, is in talks to sell itself and held preliminary conversations with DoorDash and Uber (The Information)
- The Information reportsYesterdayInstacart Shares Rally 10% After The Information Reports Sale Talks
- TechCrunch reportsYesterdayInstacart reportedly discussed selling itself with DoorDash and Uber
Who is involved
acquiringInstacart Rallies on Report of Sale Talks With Uber, DoorDashInstacartCART · targetUber Technologies Inc. and DoorDash Inc.UBER · buyer
CompanyThe deal
Sources (4)
- BloombergYesterdayInstacart Rallies on Report of Sale Talks With Uber, DoorDash
- TechmemeYesterdaySources: Instacart, currently valued at $12B, is in talks to sell itself and held preliminary conversations with DoorDash and Uber (The Information)
- The InformationYesterdayInstacart Shares Rally 10% After The Information Reports Sale Talks
- TechCrunchYesterdayInstacart reportedly discussed selling itself with DoorDash and Uber
Related
- 7h · Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
- Oct 23 · Instacart Is Exploring a Sale
- Oct 22 · Uber puts all 30,000 employees on ChatGPT Work
- Oct 19 · Uber Wins Bid to Dismiss £250 Million Black Cab Driver Suit
- Oct 14 · From Charles Schwab to DoorDash: Why these bargain stocks could lead the market higher
- Oct 13 · Uber Executive Overseeing Robotaxi Expansion to Depart
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