DoorDash announced plans to acquire Instacart, an online grocery-delivery service, for approximately $17 billion, with competition in the US food-delivery market expected to intensify further. The acquisition is expected to close between the end of 2027 and early 2028.
DoorDash indicated its intention to acquire Instacart, a major food-delivery company. The acquisition price is reported to be approximately $17 billion, and the companies are believed to be seeking to expand the scale of their logistics and delivery operations through integration of their businesses.
The transaction price implies an equity value of $65 per share, reportedly representing a premium of approximately 26% to the latest share price. The market therefore sees an acquisition premium, and the deal is attracting attention as a potential counterweight to competing companies.
Completion is expected between the end of 2027 and early 2028 if discussions proceed smoothly. Integration of the services and consolidation of the delivery networks after completion are expected to be the next areas of focus.