DoorDash acquires Instacart for USD 17B, unifies memberships
6.7 Investments DoorDash will acquire Instacart for USD 17B, paying USD 65 per share, mostly in cash. The deal unifies memberships, expands store access, and consolidates the sector.
DoorDash has announced its acquisition of Instacart in a deal valued at approximately USD 17 billion, offering USD 65 per share—a 26% premium over Instacart’s closing price before sale rumors emerged. At least 75% of the transaction will be settled in cash, with the remainder potentially paid in DoorDash shares, cash, or a combination, depending on Instacart shareholders’ preferences. The integration will grant Instacart customers access to over 50,000 additional stores and unify the DashPass and Instacart+ membership programs under a single fee. Both companies will retain their brands and operate independently until the deal closes, pending regulatory and shareholder approval. This agreement aims to consolidate the delivery sector in the face of competition from Amazon and Walmart, amid rising costs and scrutiny over fees and labor conditions. Both DoorDash and Instacart reported profits last quarter, signaling improved sector profitability.
