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DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
DoorDash has agreed to acquire grocery delivery platform Instacart for $17 billion in a deal expected to close by 2028.
What: DoorDash will pay $65 per share to acquire Instacart, representing a 26% premium over the company's October 22 stock price.
Original article
DoorDash will acquire Instacart for $17 billion. Instacart shareholders will receive $65 per share, 26% over the company's price on October 22. Combining the companies' technology and infrastructure will result in faster deliveries and more affordable prices. The deal is expected to close late next year or in 2028.
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