DoorDash to Acquire Instacart to Help Local Stores Win
Summary
DoorDash and Instacart announce a definitive agreement for DoorDash to acquire Instacart for $65.00 per Instacart share ($17B equity value), with a combination of cash and DoorDash stock. The deal envisions expanded delivery networks, Instacart’s tech, and AI-enabled advertising tools to benefit local stores, shoppers, and Dashers, with regulatory approvals needed before closing.