DoorDash gobbles up Instacart in $17 billion deal
Summary
DoorDash said it will acquire Instacart for $17 billion, offering $65 per share. The companies will remain separate until the deal closes, which they expect in late 2027 or early 2028; DoorDash plans to keep Instacart’s brand, technology and app afterward.Key Facts
- DoorDash announced the acquisition on Thursday.
- DoorDash will pay $65 per share for Instacart.
- DoorDash said the companies will operate as separate entities until the merger is finalized.
- The companies expect the deal to close in late 2027 or early 2028.
- DoorDash plans to retain Instacart’s brand, technology and app after the deal closes.
- DoorDash said the acquisition could help more supermarkets use Instacart’s platform for their websites.
- DoorDash said customers could gain more store choices, faster delivery options and savings when shopping locally.
- Capital One estimated that nearly 150 million Americans shopped for groceries online in 2025.
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