Overview
- The companies announced the agreement Thursday, Oct. 29, and Instacart’s board unanimously approved the $65 per share offer with investors holding about 19% of stock already committed.
- The purchase price totals roughly $17 billion and will be paid mostly in cash, with at least about 75% cash consideration and bridge financing arranged to complete the transaction.
- DoorDash said the two firms will operate independently until the deal closes, which is expected in late 2027 or the first half of 2028, and that it will preserve Instacart’s brand, app, and technology.
- DoorDash and Instacart say customers will gain access to tens of thousands more stores and that DashPass and Instacart+ subscriptions can be combined to save members an estimated $100 million per year.
- The merger has prompted immediate antitrust opposition from groups such as the American Economic Liberties Project and now enters reviews by U.S., Canadian, and Israeli regulators, with scrutiny likely to focus on market share, platform data and impacts on gig workers and local retailers.