FinanceThe Next Webabout 1 hour ago
Instacart Explores Sale as Uber Walks Away
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Instacart explores a sale with preliminary talks with DoorDash and Uber, but Uber walked away. Instacart shares rose 9.2% to $56.44, giving the company a market value of $13.1bn. A typical takeover premium would value Instacart at roughly $16bn to $17bn. Instacart reports quarterly results on 5 November.
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