DoorDash Agrees to Acquire Instacart for $17 Billion at $65 Per Share

DoorDash has signed a definitive agreement to acquire Instacart, the grocery delivery company, for $65 per share in a deal valued at approximately $17 billion. The transaction will be funded with at least 75% cash, with Instacart shareholders able to elect cash, DoorDash stock, or a combination, subject to proration so that DoorDash stock does not exceed 25% of the total consideration.

DoorDash plans to retain Instacart's brand, app, and enterprise technology products following the close of the deal. The two companies will merge their subscription programs, combining DashPass and Instacart+ into a single membership, with combined membership savings estimated at $100 million annually. Instacart customers would also gain access to more than 50,000 additional stores through the combined platform.

The acquisition follows earlier reports that Uber held talks with Instacart and walked away, leaving DoorDash to step in. News of the deal sent CART shares sharply higher while DASH shares fell, reflecting investor skepticism about the price DoorDash is paying. The transaction is expected to close in late 2027 or the first half of 2028, pending approval from both companies' shareholders and from regulators. DoorDash previously completed its acquisition of Deliveroo in October 2025, making this the company's second major international or domestic expansion deal in roughly a year.