DoorDash in advanced talks to buy Instacart at about $17 billion
The Wall Street Journal reports DoorDash is in advanced talks to acquire Instacart, a deal analysts link to competition with Walmart and Amazon.
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what happened
The Wall Street Journal reported on Monday that DoorDash is in advanced talks to buy Instacart, with a deal valuing Instacart at roughly $17 billion. According to the paper, an agreement could be announced as soon as this week, but the talks could still collapse. Instacart declined to comment, and DoorDash did not immediately respond to a request for comment.
Wedbush analysts said the logic is clear: Instacart is losing online grocery business to Walmart and Amazon, which are rapidly building their own delivery networks. Combining DoorDash's restaurant delivery with Instacart's grocery marketplace could let the company compete more directly with those giants. Bernstein analysts said any deal would require some mix of debt, cash and equity.
Instacart shares rose 7.9% on Monday, while DoorDash fell 6.1% in the regular session. DoorDash is down 25.6% year to date, while Instacart is up around 35%.
why it matters
The story matters because consolidation in online food and grocery delivery is accelerating as more shoppers buy groceries online. Investors reacted differently: Instacart's gain reflects a possible takeover premium, while DoorDash's drop reflects concern about cost and integration.
market impact
DASH and CART: the possible deal pushes their shares in opposite directions
tags
instruments
sources
- A possible DoorDash-Instacart deal is all about keeping up with Walmart and Amazon, analysts say — Dow Jones Newswires, 26 October 2026 at 21:16 UTC
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