DoorDash to Acquire Instacart for $17 Billion

DoorDash has entered a definitive agreement to acquire Instacart in a transaction valued at approximately $17 billion. Under the terms, DoorDash will pay $65 per share in a mix of cash and stock, with the deal expected to close between late 2027 and the first half of 2028.

The companies will continue to operate independently until the merger receives shareholder and regulatory approval.