Instacart is reportedly in talks to sell itself, which could change the grocery delivery app many people rely on, though no deal has been announced.
Instacart is reportedly in talks to sell the whole company. The Information, citing sources, says the grocery delivery app has held early conversations with DoorDash and Uber. Instacart is currently valued at about $12 billion. Its stock, which trades under the symbol CART, rose more than 9% on the news.
The report says a sale would end Instacart's 14-year run as a standalone company. The talks with DoorDash and Uber are described as preliminary. That means they are early and may not lead anywhere.
Instacart lets people order groceries from local stores and have them delivered. If you use it, a new owner could one day change its fees, deals or how the app works. Nothing is final, and no changes have been announced.
The material does not say who the buyer might be, what price is being discussed, or when a deal could happen. It also does not say whether Instacart or either company has commented. A sale may not happen at all.
Nothing changes for your orders today. If you rely on Instacart, keep an eye on any official notices about fees, memberships or terms.
Instacart is reportedly exploring a sale, but talks are early and nothing about the app has changed yet.
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