DoorDash to Acquire Instacart in $17 Billion Deal
DoorDash has reached an agreement to acquire its competitor, Instacart, for a total value of $17 billion. Under the terms of the deal, DoorDash will pay $65 per share for each Instacart share. The acquisition aims to merge DoorDash's logistics and restaurant delivery dominance with Instacart's specialized grocery technology and retail relationships. Upon closing, DoorDash intends to maintain Instacart as a separate brand with its own app and enterprise products. The merger is expected to provide grocers with enhanced online ordering platforms and advertising tools while leveraging DoorDash’s fulfillment network for more efficient delivery. The transaction is projected to close in late 2027 or the first half of 2028.
Topics: Grocery Delivery M&A On-demand Delivery Tech Consolidation
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Part of the story DoorDash Announces Acquisition of Instacart in $17 Billion Deal (6 articles)