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DoorDash Acquires Instacart for $17 Billion in Definitive Deal

Published October 29, 20264 min read
An insulated delivery bag on a cargo bicycle sits beside grocery and restaurant takeout bags.
Grocery and restaurant orders share a delivery carrier, reflecting the networks DoorDash plans to combine. Illustration: MarketIntelLabs

DoorDash will acquire Instacart in a definitive cash-heavy deal worth roughly $17 billion, combining the two largest U.S. on-demand delivery networks into a single platform with its own end-to-end logistics, grocery fulfillment and advertising operation.

Key Takeaways DoorDash agreed to pay $65.00 per Instacart share, an equity value of about $17 billion and a 26% premium to the October 22 close. The consideration is at least 75% cash, with stock capped at 25%, and carries no financing condition. The deal adds roughly 50,000 stores to Instacart's near 100,000 grocery locations and folds DashPass and Instacart+ into one fee. DoorDash estimates the single membership saves users about $100 milli…

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DoorDash Acquires Instacart: What the $17 Billion Deal Means | MarketIntelLabs