Uber in talks to buy Instacart for $50 B: Report


Aug 11 - U.S. food delivery firm DoorDash Inc held talks over the past two months to buy grocery delivery company Instacart for a likely price of between $40 billion and $50 billion, The Information reported on Wednesday citing people familiar with the situation.

According to the report, Instacart, which plans to list in the next few months, began the merger negotiations with Instacart.

Instacart also initiated talks with Uber about a sales partnership, similar to Uber's partnership with GoPuff, under which customers of Uber Food Delivery Services can buy items from GoPuff, the report said, citing a person familiar with the situation. All these talks have fallen apart also.

An Instacart spokeswoman declined to comment when contacted by Reuters, while DoorDash said it does not comment on rumors and speculations.

Uber did not immediately respond to a request for comment.