The $17 Billion Grocery Bet: What DoorDash Buying Instacart Means for Your Weekly Shop, Local Stores and Washington's Antitrust Cops
DoorDash says it will pay $65 a share for Instacart, a 26% premium, and promises one membership instead of two and no grocery exclusivity. The deal won't close until late 2027 at the earliest — and regulators get the first word.
By Clara Hughes
DoorDash says it will pay $65 a share for Instacart, a 26% premium, and promises one membership instead of two and no grocery exclusivity. The deal won't close until late 2027 at the earliest — and regulators get the first word. The two biggest names in American app-based delivery want to become one. DoorDash and Instacart announced Thursday a definitive agreement under which DoorDash will acquire Instacart for $65.00 a share, an equity value of approximately $17 billion, according to the companies' joint announcement. Instacart's board unanimously approved the deal. The price is a 26% premium to Instacart's closing price on Oct. 22, the last trading day before media reports about a possible transaction, the companies said. Instacart stockholders can choose cash, DoorDash stock or a mix, but the total consideration must be at least 75% cash, with stock capped at 25%. For the