DoorDash agrees to acquire Instacart
DASH•DoorDash will acquire Instacart for $65 per share, valuing its equity at approximately $17 billion, with at least 75% of the consideration in cash. The deal is expected to close in late 2027 or the first half of 2028, subject to shareholder and regulatory approvals.
1. Deal terms
DoorDash will acquire Instacart for $65 per share, valuing the equity at approximately $17 billion. The offer represents a 26% premium to Instacart's closing share price on October 22, 2026.
2. Funding and timing
At least 75% of the consideration will be cash, while DoorDash stock will account for no more than 25%. DoorDash expects to fund the cash portion with cash on hand and debt financing; the transaction has no financing condition. Closing is expected in late 2027 or the first half of 2028, subject to shareholder and regulatory approvals.
