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Story summary
- Instacart held preliminary talks with Uber and DoorDash about a possible sale.
- Instacart hired an investment bank to evaluate sale options while its market value is about $13 billion.
- A buyer could pay $16 billion-$17 billion a 30%-40% premium over the current value.
- Instacart shares rose more than 9.2% after the reports while Uber and DoorDash stocks fell.