DoorDash agrees to acquire Instacart in $17 billion grocery delivery deal
DoorDash has agreed to acquire rival Instacart in a cash-and-stock deal valued at roughly $17 billion, paying $65 per share to combine the top restaurant and grocery delivery platforms.
DoorDash announced on Thursday that it has agreed to acquire grocery delivery rival Instacart in a transaction valued at approximately $17 billion. Under the terms of the agreement, DoorDash will pay $65 per share in cash and stock, representing an 11% premium over Instacart's Wednesday close and a 26% premium relative to its closing price on Oct. 22, prior to reports of a transaction.[2][3][6][7]
Instacart shareholders may elect to receive cash, DoorDash stock, or a combination of both, with stock capped at 25% of the total consideration, according to financial service Wall St Engine. DoorDash plans to retain the Instacart brand, application, and enterprise technology offerings while merging DashPass and Instacart+ into a unified membership program. The companies project that the combined loyalty program could yield $100 million in annual consumer savings and grant Instacart shoppers access to more than 50,000 additional stores.[3]
Alongside the deal announcement, Instacart released third-quarter financial results, reporting revenue of $1.10 billion, up 17% year over year, and gross transaction value of $10.53 billion. Chief Executive Chris Rogers described the period as the company's best quarter as a public company. In light of the transaction, Instacart suspended guidance, withdrew prior long-term targets, and cancelled its scheduled Nov. 5 earnings conference call.[4]
DoorDash shares jumped sharply following the announcement, Barron's reported. The transaction is slated to close in late 2027 or the first half of 2028, subject to regulatory scrutiny and shareholder approval.[3][5]
Key facts
- DoorDash agreed to acquire Instacart for $65 per share in a deal valued at approximately $17 billion.
- The $65 offer represents an 11% premium over Instacart's closing price on Wednesday and about 26% above its Oct. 22 close.
- Instacart shareholders can choose cash, DoorDash stock, or a mix, with equity limited to 25% of total consideration.
- DoorDash intends to keep Instacart's brand, app, and enterprise tools while uniting DashPass and Instacart+ memberships.
- The transaction is expected to close in late 2027 or the first half of 2028, pending regulatory and shareholder approvals.
- Instacart reported Q3 2026 revenue of $1.10 billion and gross transaction value of $10.53 billion while withdrawing forward guidance.
- Shares of DoorDash rose sharply following the announcement of the acquisition.
Sources · 6 sources
- TR
TrendSpider@TrendSpiderPost on X ·
DOORDASH $DASH CONFIRMS ACQUISITION OF INSTACART AT $65/SHARE, ~$17B VALUATION https://t.co/PGqLv1RTQO
Open source - TE
TechmemeArticle ·
DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates (Reuters) Reuters : DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates — DoorDash (DASH.O) said on Thursday it would buy Instacart (CART.O) in a deal valued at about $17 billion, stepping up its push …
Open source - WS
Wall St Engine@wallstenginePost on X ·
DOORDASH TO ACQUIRE INSTACART IN $17 BILLION DEAL $DASH has agreed to acquire $CART for $65 per share. Instacart shareholders can receive cash, DoorDash stock or a combination, with stock limited to 25% of the total consideration. DoorDash plans to retain Instacart's brand, app and enterprise technology products while combining DashPass and Instacart+ into a single membership. Instacart customers would gain access to over 50,000 additional stores, while combined membership savings are estimated at $100 million annually. The deal is expected to close in late 2027 or H1 2028, pending shareholder and regulatory approvals.
Open source - WS
Wall St Engine@wallstenginePost on X ·
INSTACART $CART Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.10B (Est. $1.07B) 🟢; +17% YoY 🔹 EPS: $0.60 (Est. $0.63) 🔴; +18% YoY 🔹 GTV: $10.53B; +15% YoY 🔹 Orders: 91.4M; +10% YoY 🔹 Adj. EBITDA: $342M (Est. $332M) 🟢; +23% YoY 🔹 Net Income: $147M (Est. $157M) 🔴; +2% YoY Revenue Mix: 🔹 Transaction: $764M; +14% YoY 🔹 Advertising & Other: $331M; +23% YoY Other Q3 Metrics: 🔹 Free Cash Flow: $307M; +13% YoY 🔹 Adj. EBITDA Margin: 31% 🔹 Share Repurchases: $230M Key Updates: 🔹 Instacart agreed to be acquired by DoorDash in a cash-and-stock transaction with an equity value of approximately $17B 🔹 Guidance suspended and previously issued long-term guidance withdrawn; the November 5 earnings call is cancelled Comments: 🔸 CEO Chris Rogers: “Q3 was our best quarter as a public company, with GTV up 15% year-over-year and advertising and other revenue up 23% year-over-year.”
Open source - BA
Barron's@barronsonlinePost on X ·
DoorDash stock rises sharply after the company says it will acquire Instacart for $17 billion. https://t.co/hs2TBCBE1e
Open source - CN
CNBC@CNBCPost on X ·
DoorDash will acquire Instacart for about $17 billion, the companies announced Thursday. DoorDash will pay $65 a share in cash and stock, an 11% premium to Instacart’s closing price on Wednesday, and about 26% above Instacart’s closing price on Oct. 22, the last trading day before reports of a possible sale. More: https://t.co/q0QNjmq2yF
Open source - TN
The New York Times@nytimesPost on X ·
Breaking News: DoorDash agreed to buy Instacart for $17 billion, combining the largest restaurant delivery and online grocery services. https://t.co/hQQ5PIvKUl
Open source