DoorDash offers $17B to acquire Instacart

DoorDash has offered $17 billion to acquire Instacart, a deal that would consolidate the U.S. grocery delivery business if approved by Instacart shareholders and government regulators. DoorDash said the deal is expected to close by the end of 2027 or in early 2028. DoorDash said the Instacart brand and app would remain, and Instacart's roughly 600,000 independent-contractor shoppers would keep fulfilling orders as before. DoorDash also said customers now paying $9.99 a month for separate DashPass and Instacart+ memberships could pay one fee instead of two, and Instacart customers would gain access to 50,000 additional stores on DoorDash's platform.

AI-generated from reports · 1 hours agoUpdate

Not enough continuous observation data yet; trend chart is not drawn for now.