DoorDash in advanced talks to buy Instacart for $17B

DoorDash is in advanced negotiations to acquire Instacart for $17 billion. Instacart shares rose about 8% in regular trading, while DoorDash fell about 6%.

• DoorDash is discussing an Instacart acquisition valued at $17B
• Instacart shares gained about 8%
• DoorDash stock dropped about 6%