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DoorDash Acquires Instacart for $17 Billion, Dominating Grocery Delivery
DoorDash is acquiring U.S. grocery delivery app Instacart for approximately $17 billion, a deal approved by Instacart's board. The merger aims to combine DoorDash's rapid delivery network with Instacart's grocery picking and delivery technology.
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What happened
- 01DoorDash is acquiring Instacart for approximately $17 billion, a deal approved by Instacart's board.
- 02The acquisition aims to merge DoorDash's delivery network with Instacart's grocery picking and delivery technology.
- 03The deal offers a 26% premium on Instacart's stock price, with payment in cash and DoorDash shares.
- 04The transaction is expected to conclude by late 2027 or early 2028, pending regulatory approvals.
- 05Subscribers to both services are projected to save about $100 million annually through a consolidated subscription.
- 06DoorDash, which operates Wolt in Israel, will require approval under Israeli competition law.
The transaction, which includes a 26% share premium, is expected to close by late 2027 or early 2028, pending regulatory and shareholder approvals in multiple countries, including Israel. Both companies will operate separately until then.
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