Acquisition Announcement

DoorDash and Instacart announced a definitive agreement to acquire Instacart for $65 per share, representing a 26% premium to Instacart's closing price on October 22, 2026.

Transaction Value

The deal values Instacart at $65.00 per share, or an equity value of approximately $17 billion with at least 75% cash.

Combined Company Benefits

Together, DoorDash and Instacart will help stores of every size reach more customers with innovative technology and delivery networks.

Consumer Benefits

Consumers will have more stores to choose from, more savings opportunities, and faster delivery options through the combined platform.

Dasher and Shopper Benefits

Dashers and Shoppers will have more earning opportunities and more choice over when and how they earn through the combined platform.

Grocery Technology

Instacart has spent years learning to pick ripe avocados and find substitutes while DoorDash has built a delivery network local stores rely on.

“Grocery is one of the hardest things to get right online. Someone has to pick a ripe avocado, find a substitute you’d choose yourself, and get the ice cream to you before it melts”

Post-Close Commitments

DoorDash will keep Instacart's brand, technology, and app while local grocers can work with any delivery platform they choose.

Open Platform Commitment

Local grocers can work with any delivery platform they choose to help them grow without grocery exclusivity.

Shoppers Keep Features

Instacart Shoppers can keep the features they love, including flexibility to choose how much they work and which batches to accept.

Transaction Details

The transaction is expected to close in the end of 2027 or first half of 2028, subject to regulatory approvals and stockholder votes.

Stockholder Rights

Instacart stockholders can elect cash, DoorDash stock, or a combination of both for each share, subject to proration.

Funding and Financing

DoorDash plans to fund the cash portion with cash on hand and proceeds from debt financing through a 364-day bridge loan.

Benefits for Consumers

Instacart customers could shop at more than 50,000 additional stores, on top of nearly 100,000 stores on the Instacart platform.

Membership Savings

DashPass and Instacart+ members would pay one membership fee instead of two, saving an estimated $100 million per year.

Earning Opportunities

More orders for local businesses can create more earning opportunities for Dashers and Shoppers.

Closing Timeline

The transaction is expected to close in the end of 2027 or first half of 2028, subject to regulatory approvals and stockholder votes.