DoorDash offers $17 billion for Instacart in what would be a big consolidation for grocery delivery
The delivery companies announced a proposed acquisition subject to shareholder and regulatory approvals.
TL;DR
- DoorDash agreed to acquire Instacart in a deal valuing it at approximately $17 billion.
- At least 75% of the aggregate consideration will be cash, according to Retail Dive.
- The transaction remains subject to approvals and its competitive effects are not yet known.
DoorDash agreed to acquire Instacart in a deal that values the grocery delivery company at approximately $17 billion. The companies announced the proposed transaction on 2026-10-29. [1] [2]
Retail Dive reported that the agreement values Instacart at $65 per share and calls for at least 75% of the aggregate consideration to be cash. The publication said Instacart's board had approved the agreement. [3]
DoorDash expects to retain Instacart's brand and app, and the companies will operate separately until closing, according to Retail Dive. AP reported a grocery industry specialist's concern that reduced competition could affect consumers and grocers. [1] [3]
AP said closing depends on shareholder and regulatory approvals and is expected at the end of 2027 or in early 2028. The approval outcome and actual effects on competition remain open. [1]
Why it matters
The proposed acquisition would combine major delivery businesses and allocate substantial capital to grocery delivery, subject to competition review.
Editor's note
The agreement has not closed; company claims about benefits and concerns about competition are not established outcomes.