ETtechBengaluru: US 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.
The talks have fallen apart in recent weeks, the report added, partly over concerns whether the DoorDash-Instacart deal would get antitrust regulators' approval.
Instacart, which plans to list in the next few months, initiated the deal talks, according to the report. Instacart had also separately initiated talks with Uber Technologies Inc. about a sales partnership, like Uber's partnership with GoPuff, under which customers of Uber Eats can buy items from GoPuff, the report stated, citing a person familiar with the situation. These talks have also fallen apart.
An Instacart spokeswoman declined to comment. DoorDash said it does not comment on rumours and speculation. Uber did not immediately respond to a request for comment.
The talks have fallen apart in recent weeks, the report added, partly over concerns whether the DoorDash-Instacart deal would get antitrust regulators' approval.
Instacart, which plans to list in the next few months, initiated the deal talks, according to the report. Instacart had also separately initiated talks with Uber Technologies Inc. about a sales partnership, like Uber's partnership with GoPuff, under which customers of Uber Eats can buy items from GoPuff, the report stated, citing a person familiar with the situation. These talks have also fallen apart.
An Instacart spokeswoman declined to comment. DoorDash said it does not comment on rumours and speculation. Uber did not immediately respond to a request for comment.
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