DoorDash to acquire grocery delivery firm Instacart in $17B deal

DoorDash Inc. has agreed to acquire Instacart in a US$17 billion deal, paying US$65 per share. The transaction aims to expand DoorDash's grocery delivery segment, with Instacart's board approving the agreement. The deal is expected to close by late 2027 or early 2028, subject to shareholder and regulatory approvals.

DoorDash to acquire Instacart for $17 billion, expanding its grocery delivery services and user base. The deal will integrate Instacart's store network and subscription services with DoorDash's, while retaining the Instacart brand. DoorDash's stock rose around 5% following the announcement.

DoorDash plans to acquire Instacart for $17B, aiming to expand into grocery delivery. The deal, expected to close by late 2027, will keep both platforms operating separately. DoorDash's CEO highlighted Instacart's expertise in grocery delivery and DoorDash's delivery network as complementary strengths. The companies will offer combined perks for subscribers of both services.

DoorDash is acquiring Instacart for $17 billion, aiming to expand store options and delivery services. The deal, expected to close by mid-2028, will combine Instacart's grocery technology with DoorDash's global reach, offering users a single membership and potential savings. Both companies plan to leverage their strengths to benefit customers, delivery drivers, and retailers.

The FTC has ordered nine U.S. companies, including Walmart, JetBlue, and Uber, to provide information on how they use consumer data to set prices and gig worker pay. The agency is investigating 'surveillance pricing' practices, where consumers may be charged different prices based on their purchase histories. FTC Chairman Andrew Ferguson stated the agency will examine the methods used to determine consumer prices and gig worker pay.

DoorDash acquires Instacart for $17B at $65 per share, combining food and grocery delivery services. Both CEOs highlight synergies in technology and market reach. The deal faces potential antitrust scrutiny and opposition from stakeholders. Instacart's board approved the agreement, which includes cash and stock options.