Instacart in Talks to Sell Itself

Instacart, the leading U.S. grocery delivery platform, is reportedly pursuing negotiations for a sale of the entire company, according to people familiar with the matter. The report says Instacart has hired an investment bank to advise on a comprehensive review of its strategic options, and has already held preliminary acquisition discussions with DoorDash and Uber. The talks are still ongoing, and it is not yet certain whether a formal acquisition deal will be reached. (Cailian Press)