Instacart reportedly in early talks with DoorDash and Uber

Instacart has reportedly engaged in discussions with both DoorDash and Uber regarding a potential sale of the company. These talks are described as early-stage negotiations that may not lead to a final transaction. Uber has reportedly walked away from the discussions, while the status of the talks with DoorDash remains open.

The company has hired an investment bank to assist in evaluating its strategic options for a sale. Instacart currently holds a market capitalization of more than $13 billion. Its stock price has increased by 25 percent for the year to date. The reports of potential acquisition interest caused Instacart's share price to spike by more than 9.2 percent on Friday.

In response to the news, the stock prices of both Uber and DoorDash declined. An Instacart spokesperson declined to comment on the reports of a potential sale.

No further details have been provided regarding the next steps in the process. The outcome of these discussions remains uncertain, and no definitive agreement has been announced.