Target CEO Brian Cornell. Photograph by Jordan Curet/Fortune Brainstorm Tech, under Creative Commons license

Mega retailer Target has initiated talks to acquire some assets from Deliv, a delivery service that recently announced it was shutting down after eight years of operation. As first reported by NBC News, Target is particularly eyeing intellectual property that enables Deliv to pool together multiple orders and route them to a similar location. Target already operates its own delivery service, Shipt, and is likely purchasing the assets from Deliv to help bolster its delivery service. According to NBC News, however, Target considered acquiring Deliv in its entirety at one point but backed down after determining that the company’s delivery service wasn’t profitable. Deliv is shutting down after raising $80 million in funding over an eight-year period.

According to data from Pitchbook, Deliv was valued at as high as $190 million by private investors in 2018. A shutdown, however, means the company is being sold off in parts for a loss. Depending on specifics, some of Deliv’s investors could see their entire investments in the startup get wiped out. Among Deliv’s investors include General Catalyst, Redpoint Ventures, Upfront Ventures, UPS, and Google.

Deliv, which offers same-day deliveries from retailers like Walgreens and Best Buy, will wound down its service over 90 days, the last being on the 4th of August, 2020. It’ll continue to serve customers during the course of its timed shut-down.