What happened? Shares of online grocery delivery platform Instacart (NASDAQ:CART) jumped 9.4% in the afternoon session after The Wall Street Journal reported that DoorDash is in advanced talks to acquire the company, and a deal could be completed as soon as this week. According to the Journal, people familiar with the matter said the discussions are advanced and could be finished this week if they do not fall apart. The Journal also said Instacart is no longer in active talks with Uber. That is further along than Friday's report in The Information, which said Instacart had hired a bank, held preliminary talks with DoorDash and Uber, and that the Uber conversations had faded.
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