Scenario description
Assume Instacart enters into a definitive agreement, announced by Instacart or the buyer, to be acquired by Uber, DoorDash, or another buyer in a transaction that would transfer control of Instacart. The agreement covers Instacart as a company or substantially all of its operating business. The reported current sale-exploration context is preliminary talks with Uber and DoorDash and a potential $16 billion to $17 billion valuation; any final consideration, financing mix, shareholder approvals, regulatory conditions, breakup terms, timing to close, and divestiture remedies remain whatever is announced and are not assumed here.