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Instacart explores sale and reportedly held talks with DoorDash and Uber

TechnologyInternationalEl Ecosistema Startup30 s readAI summary
Image: El Ecosistema Startup

Instacart, the grocery delivery platform, hired an investment bank to explore sale options and reportedly held early-stage talks with DoorDash and Uber, according to reports cited by Bloomberg. The company's market capitalization exceeds US$13 billion and its stock is up 25% so far this year. On Friday, after the rumor surfaced, its shares rose more than 9.2%, while Uber and DoorDash shares fell.

In 30 seconds

  • Instacart hired an investment bank to evaluate a possible sale, according to the reports.
  • It reportedly held early-stage talks with DoorDash and Uber, with no guarantee of a deal.
  • Its market capitalization exceeds US$13 billion and the stock is up 25% this year.
Read the full story at El Ecosistema Startup

IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.

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