DoorDash reportedly in talks to acquire Instacart in $17 billion deal

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In brief: DoorDash is reportedly in late-stage talks with Instacart to acquire the popular grocery delivery service as part of a deal valued at roughly $17 billion. An announcement could come as early as mid-week, sources said, who also warned that nothing has been finalized and the deal could still fall through.

Instacart was also recently tied to acquisition rumors with Uber, but sources say those talks are no longer active. It is unclear if Uber would try again if DoorDash comes up short.

Shares in DoorDash are up 2.61 percent on the news as of this writing, while Instacart's stock is down about the same percent. For reference, DoorDash has a market cap around $74.7 billion and Instacart is worth roughly $14 billion.

The potential buyout comes at a pivotal time for...

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