Doordash Strikes $17 Billion Deal to Buy Instacart

WHO:

Techmeme - DoorDash (DASH.O) agreed to acquire Instacart (CART.O).

NBC News - DoorDash is buying Instacart, described as a grocery delivery service.

WHAT:

Techmeme - DoorDash said the deal is valued at about $17 billion.

Techmeme - DoorDash will pay $65 per share, a 26% premium to Instacart’s October 22 closing price.

NBC News - The acquisition is valued at $17 billion and would create a delivery giant.

WHY:

Techmeme - The deal comes as the food-platform market consolidates; DoorDash is stepping up its push in the market.

HOW:

Techmeme - DoorDash’s proposed acquisition consideration is $65 per Instacart share.

(UPDATED October 29, 2026 12:09 UTC)

DoorDash has agreed to buy grocery delivery company Instacart in a deal valued at about $17 billion, creating a major delivery giant. DoorDash will pay $65 per share, a 26 percent premium to Instacart’s October 22 closing price. The acquisition comes as the food-platform market consolidates and DoorDash expands its push in the sector.