DoorDash to acquire Instacart in $17B deal as Q3 revenue climbs 34%
Article excerpt
The $17B deal comes on the heels of DoorDash's record-breaking Q3 results. October 29, 2026 by Valerie Gritton - Editor, Pizza Marketplace DoorDash has announced a definitive agreement to acquire Maplebear Inc., Instacart's parent company, in a deal valued at approximately $17 billion or $65 per share, as the restaurant delivery platform looks to expand its reach across local commerce. The offer represents a 26% premium to Instacart's closing share price on Oct. 22, the last trading day before media reports about a potential transaction. According to the release, at least 75% of the consideration will be paid in cash, with Instacart shareholders able to elect cash, DoorDash stock or a combination of the two, subject to proration. DoorDash expects to fund the cash portion through existing cash and debt financing. The proposed acquisition would pair DoorDash's delivery network with Instacart's grocery fulfillment technology, retailer relationships and advertising business. DoorDash expects to retain Instacart's brand, enterprise technology products and app following the transaction. The companies said the combination could give local grocers and retailers access to a broader delivery network and more technology to compete with larger online retailers. The combined platform could also offer consumers more store choices, delivery options and savings opportunities. "Grocery is...
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Revenue increased 34% year over year to $4.62 billion for the quarter ended Sept. 30.
