DoorDash Agrees to Buy Instacart in $17 Billion Deal

The $65-per-share offer represents a 26% premium to Instacart’s October 22 closing price. At least 75% of the total consideration would be cash, with stock making up no more than 25%. The proposal reaches beyond delivery orders.

Instacart supplies ecommerce, fulfillment and advertising technology, while DoorDash brings logistics capacity. Combining those functions could give merchants a more integrated service, but also make their choice of platform partner more consequential.

DoorDash says it intends to retain Instacart’s brand, app and enterprise products after closing, and has committed to allowing grocers to use competing delivery platforms. The companies remain independent.

Completion is expected in late 2027 or the first half of 2028, subject to stockholder and regulatory approvals and other conditions. Proposed benefits should therefore be treated as plans, not changes already available to retailers.