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DoorDash agrees to buy Instacart for about $17 billion

New Street Desk · Posted on X Oct. 29, 2026, 4:30 p.m. ET · Page added · Data as of Oct. 29, 2026, 4 p.m. ET

New Street Spotlight card: DoorDash agrees to buy Instacart for about $17 billion, or $65 a share, at least 75% in cash, with closing expected at the end of 2027 or in the first half of 2028. Key points cover the 26% premium, the synergy target and the required approvals. A table shows Nasdaq closing prices on Oct. 29: DoorDash $179.00, up 5.61%, and Instacart $57.11, down 2.24%.

The $65-a-share deal, at least 75% cash, is expected to close at the end of 2027 or in the first half of 2028.[1]

The $65.00 price is a 26% premium to Instacart’s Oct. 22 close, the last trading day before deal reports.[1]

DoorDash sees a multi-year path to $500 million or more of annual synergies, net of investments.[2]

The deal needs Instacart holder and antitrust approvals; holders of about 19% of shares agreed to vote yes.[1]

Sources

  1. DoorDash, DoorDash to Acquire Instacart to Help Local Stores Win
  2. DoorDash, DoorDash Releases Third Quarter 2026 Financial Results
  3. Nasdaq, DASH and CART quotes, closing prices

How to cite: New Street Desk, "DoorDash agrees to buy Instacart for about $17 billion," New Street, Oct. 30, 2026, https://newstreet.xyz/spotlight/2026-10-29-1630-doordash-agrees-to-buy-instacart/.