DoorDash Circles Deal to Buy Instacart

An Instacart delivery driver loads cases of bottled water for a customer’s order.

A deal could be finalized as soon as this week and could value Instacart at around $17 billion, according to people familiar with the matter. There are no guarantees it will come together. Instacart, which went public in 2023, had a market value of around $13 billion before WSJ reported on the advanced talks. Its shares rose roughly 5% following the report.

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