Instacart is exploring a sale and has held preliminary talks with Uber and DoorDash, among other potential buyers, The Information reported Friday , citing people familiar with the matter. The grocery delivery company, legally named Maplebear, has been working with an investment bank to weigh its options, according to the report, which said the discussions are ongoing and may not lead to a deal.

Instacart shares closed about 9% higher. Uber fell nearly 3% and DoorDash more than 4%, Reuters reported . Instacart declined to comment to Reuters, and Uber and DoorDash did not immediately respond.

Instacart has a market value of about $12 billion. The Information said a typical takeover premium of 30% to 40% would value it at roughly $16 billion to $17 billion, based on recent public technology deals.…