Doordash to buy Instacart in $17bn deal it says will expand customer options
Summary
DoorDash will acquire grocery delivery company Instacart in a deal valued at $17 billion, with closing expected by the end of 2027 or during the first half of 2028. The companies say the deal will expand customer and retailer options, while regulators may examine it for antitrust concerns.Key Facts
- DoorDash will acquire Instacart for $65 per share, a price 26% above Instacart’s closing price on October 22.
- The deal will be at least 75% cash, according to DoorDash.
- Instacart shoppers will be able to shop at 150,000 stores, up from about 100,000 now.
- DoorDash plans to retain Instacart’s brand, app, and technology products.
- The companies will continue operating independently until the deal closes.
- The acquisition would be DoorDash’s largest to date.
- New York City’s consumer and worker protection commission criticized the proposed merger and said it would continue enforcing delivery workers’ rights.
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