DoorDash agreed to pay $65 a share for Instacart, a 26 percent premium to the October 22 close before deal talk surfaced. At least 75 percent cash, rest DoorDash stock. Transaction expected to close end of 2027 or first half of 2028. Companies will keep separate brands and apps until then. DoorDash also reported better-than-expected quarterly revenue and moved its earnings call up to today. New York City consumer agency flagged the combination as continuing a trend of delivery consolidation. DoorDash bought Deliveroo last year for roughly $3.9 billion and Grubhub’s campus business for $300 million in September.
https://www.bloomberg.com/news/articles/2026-10-29/doordash-to-buy-instacart-in-17-billion-deal
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
10 views