DoorDash to acquire Instacart in deal valued around $17B
Summary
DoorDash announced it will acquire grocery delivery company Instacart in a deal valued at about $17 billion. The companies say the combination will expand store choices and delivery services, while the deal is expected to close in late 2027 or the first half of 2028.Key Facts
- DoorDash will pay $65 per Instacart share.
- The offer is a 26% premium to Instacart’s closing share price on October 22, 2026.
- The companies said Instacart customers could gain access to 50,000 additional stores.
- The companies plan to offer a shared membership fee for DashPass and Instacart+.
- DoorDash said the combined company would pair its delivery network with Instacart’s grocery and fulfillment technology.
- The companies said Instacart is expected to keep its brand and app.
- The deal is expected to close in late 2027 or the first half of 2028.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
