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DoorDash in Advanced Talks to Acquire Instacart for About $17 Billion

A source familiar with the matter told Reuters the deal could value Instacart at about $17 billion. It may be finalized as soon as Wednesday, though there is no guarantee.

CARTDASH

By Echo WangDoorDash NASDAQ:DASH is in advanced talks to acquire Instacart NASDAQ:CART in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday.A deal may be finalized as soon as Wednesday, although there are no guarante…