DoorDash agrees to buy Instacart for $17 billion in a big consolidation of grocery delivery
Summary
DoorDash was in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion, according to people familiar with the matter, Bloomberg reported on Tuesday 27 October, the LA Times citing the Wall Street Journal. On Thursday 29 October DoorDash agreed to buy its rival in a deal that values Instacart at about $17 billion, Bloomberg reported, the LA Times writing that DoorDash announced a definitive agreement at $65 per Instacart share and Forbes that the cash and stock deal represents a 26% premium on Instacart's stock price. The deal is expected to close at the end of 2027 or in the first half of 2028, Business Insider reported, the Instacart brand name and app to remain, according to The Philadelphia Inquirer, while New York City mayor Zohran Mamdani said the deal could lead to higher prices and worse working conditions, according to Business Insider, and Fortune wrote that it could lead to less competition in the delivery space. Bloomberg wrote on 30 October that the deal may help DoorDash fend off inroads from Amazon and Walmart.
Latest: Bloomberg wrote that the deal for Instacart may help DoorDash fend off inroads from Amazon and Walmart.
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How it unfolded
Friday 30 October
Bloomberg wrote that the deal for Instacart may help DoorDash fend off inroads from Amazon and Walmart.
Thursday 29 October
DoorDash agreed to buy Instacart in a deal that values the company at about $17 billion, Bloomberg, The NY Times, NBC News and The Philadelphia Inquirer reported, the LA Times writing that the price is $65 per Instacart share and Forbes that the cash and stock deal is a 26% premium, while New York City mayor Zohran Mamdani said the deal could lead to higher prices and worse working conditions, according to Business Insider.
- 18:41PBS NewsHour DoorDash offers $17 billion for Instacart in what would be big grocery delivery consolidation
- 15:52LA Times DoorDash to buy Instacart for $17 billion
- 14:30CNET DoorDash Plans to Acquire Grocery Delivery Service Instacart in $17B Deal
- 10:27The Philadelphia Inquirer DoorDash offers $17 billion for Instacart in what would be a big consolidation for grocery delivery
- 09:40TechCrunch DoorDash to acquire Instacart for $17B
- 08:41Forbes DoorDash Will Acquire Instacart In $17 Billion Deal
- 08:36The Philadelphia Inquirer DoorDash to buy Instacart for $17 billion in big consolidation for grocery delivery
- 08:04The Philadelphia Inquirer DoorDash agrees to buy Instacart for $17 billion in a big consolidation of the grocery delivery business
- 07:56The Verge DoorDash is acquiring Instacart for around $17 billion
- 07:32The NY Times DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
- 07:27NBC News Doordash to acquire Instacart for $17 billion, creating delivery giant
- 07:20Bloomberg DoorDash to Buy Instacart in $17 Billion Deal
- 17:45Fortune SubscribersDoorDash offers $17 billion for Instacart: ‘the largest companies are only eating more and more of the pie’
- 13:45Business Insider SubscribersWhat DoorDash says its $17 billion deal for Instacart means for delivery workers
- 11:30Business Insider SubscribersZohran Mamdani has a spicy take on DoorDash's deal for Instacart
- 07:34Business Insider SubscribersDoorDash plans to buy Instacart for $17 billion, creating a delivery powerhouse
Tuesday 27 October
DoorDash was in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion, according to people familiar with the matter, Bloomberg reported, the LA Times citing the Wall Street Journal on a deal that could be finalized this week.
- 16:23LA Times DoorDash soon could acquire grocery delivery service Instacart
- 15:00Bloomberg DoorDash Is Said to Near $17B Takeover of Instacart