DoorDash has agreed to acquire Instacart for approximately $17 billion, the companies said, confirming long-running speculation about a merger between the two major U.S. delivery platforms.
The deal values Instacart at $65 a share, a premium that reflects the grocery delivery service’s strong market position and recent growth in online ordering. The transaction is expected to close in 2025, subject to regulatory approval and customary closing conditions.
Together, the combined entity would control a significant portion of the American meal and grocery delivery market, intensifying competition with Amazon, Uber Eats, and other players. The acquisition comes as demand for convenience-driven services continues to surge following the pandemic.
Regulators are likely to scrutinize the merger closely given antitrust concerns. Both companies have emphasized that the deal will enhance consumer choice and improve delivery efficiency across restaurants and groceries.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing