Business & Finance
DoorDash agrees to take over Instacart in $17 billion deal
Both boards have approved the deal, which is expected to close between late 2027 and the first half of 2028.
The short version
- DoorDash announced it has agreed to acquire rival Instacart for $17 billion.[TechCrunch]
- DoorDash said the offer values each Instacart share at $65, and both boards have approved it.[TechCrunch]
- The deal is expected to close between late 2027 and the first half of 2028, so completion remains pending.[TechCrunch]
- Instacart has a $14 billion market value, while DoorDash is valued at $73 billion.[ABC News]
Key facts
- DoorDash announced it has agreed to acquire Instacart for $17 billion.[TechCrunch]
- DoorDash said the offer values each Instacart share at $65.[TechCrunch]
- The boards of both companies have approved the deal.[TechCrunch]
- The deal is expected to close toward the end of 2027 or in the first half of 2028.[TechCrunch]
- Instacart has a market value of $14 billion.[ABC News]
- DoorDash has a market value of $73 billion.[ABC News]
What remains uncertain
- The closing window is a company expectation rather than a completed event, so final completion remains unconfirmed.[TechCrunch]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- DoorDash to acquire Instacart for $17BTechCrunch
- DoorDash to buy Instacart for $17 billion in big consolidation for grocery deliveryABC News - Technology