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Grocery delivery app Instacart reportedly held sale talks with DoorDash and Uber

The Information reports that Instacart has hired an investment bank to weigh its options and has held acquisition talks with DoorDash. Bloomberg reports Instacart also talked to Uber, which reportedly walked away. Instacart is worth more than $13 billion on the stock market. Its shares rose more than 9.2% on Friday after the reports. Bloomberg says the talks are early and may not lead to a sale. Instacart declined to comment.

Do anything? No. The talks are early and may not lead to a deal. A merger with DoorDash would put two big delivery apps under one roof.
Early talks, reportedTechCrunch