How the talks surfaced
People familiar with the matter say DoorDash is negotiating to acquire Maplebear, the company behind Instacart, with a price tag near $17 billion. They asked not to be named because the details are private.
The Wall Street Journal first flagged the discussions. Bloomberg News has also reported that Instacart had earlier explored a potential sale to Uber Technologies Inc.
Timing and uncertainty
Those people indicated an announcement could land this week. They also stressed that nothing is final and the talks might still fail.
Spokespeople for DoorDash and Maplebear did not immediately answer requests for comment.
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Market reaction and what to watch
In New York on Monday, Maplebear's shares rose 7.9% to $60.88, putting its valuation at roughly $14.1 billion. DoorDash slipped 6.1% to $168.44, leaving it near a $73 billion market value.
Competition in grocery delivery continues to heat up, so investors will be watching for any formal announcement and what it signals about pricing power and scale in the category.
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