DoorDash is in talks to buy Instacart in a US$17-billion deal

Possible deal value

17 US$ billion

The deal could value the grocery-delivery platform at about US$17 billion, up from a market value near US$13 billion at Friday's close.

A deal may be finalized as soon as Wednesday, but there are no guarantees, a source familiar with the matter said. Instacart's talks with Uber are no longer active.

Why it matters

Delivery companies are expanding into grocery and retail to find growth as labour costs rise and the pandemic ordering boom fades.