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DoorDash agrees to buy Instacart for about $17 billion

DoorDash will acquire Instacart for about $17 billion at $65 a share, an 11% premium to Wednesday's close. Closing is expected in late 2027 or early 2028.

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what happened

DoorDash has agreed to buy grocery delivery service Instacart in a deal valuing it at about $17 billion, paid in cash and stock. The offer of $65 a share is 11% above Wednesday's close of $58.42 and roughly 26% above the $51.68 close on Oct. 22, before reports that the company was seeking a sale, according to Dow Jones Newswires.

The Wall Street Journal first reported advanced talks on Monday, citing people familiar with the matter. Before those reports, Instacart, which listed in 2023, had a market value of about $13 billion, while DoorDash is worth about $73 billion. Instacart shareholders may take cash, DoorDash stock or a mix, with at least 75% of the payment in cash. Update reports that JPMorgan Chase has committed a bridge loan facility.

In premarket trading Instacart shares rose 4.8% to $61.25 before trading was halted, while DoorDash shares gained 9.7% to $185.96.

why it matters

The deal extends DoorDash's reach in retail delivery, where Walmart and Amazon have grown stronger since Instacart last explored a sale in 2021. For investors it signals consolidation in grocery delivery, and how the debt-funded cash portion is financed and whether investment-grade ratings are kept will matter.

market impact

Instacart shares: the premium offer supports the stock; DoorDash: debt funding of the deal creates mixed pressure

  • Instacart shares pressure up — the $65 offer above the market price supports the stock
  • DoorDash shares mixed — a large acquisition and debt financing weigh on the stock while expanding its reach

tags

MergerAcquisitionStockUnited States

instruments

DASHCARTMaplebear

sources

  1. DoorDash to Buy Instacart for $17 Billion — Dow Jones Newswires, 29 October 2026 at 11:22 UTC
  2. DoorDash to Buy Instacart for $17 Billion — Update, 29 October 2026 at 11:46 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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