DoorDash Strikes $17 Billion Deal For US Rival Instacart

DoorDash has agreed to acquire Instacart for about $17 billion as it expands beyond restaurant delivery and deeper into the U.S. grocery market. The deal, expected to close in late 2027 or the first half of 2028, could face regulatory scrutiny over further consolidation in the delivery industry. Reuters reports: DoorDash has offered Instacart shareholders $65 per share held, representing a premium of about 26% to the stock's closing price on October 22 before reports of deal talks first emerged. The consideration will be at least 75% cash, with Instacart shareholders able to elect cash, DoorDash stock or a combination of the two, the companies said. [...] The transaction is expected to close at the end of 2027 or the first half of 2028. The deal could face scrutiny over its impact on competition, with New York City's Department of Consumer and Worker Protection (DCWP) saying on Wednesday that a potential merger continued a "troubling trend" of corporate consolidation. DoorDash, however, pledged on Thursday that local grocers could continue to work with any delivery platform they choose.

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