Massive deal in the delivery world: DoorDash acquires Instacart for $17 billion

DoorDash, the owner of Wolt, is acquiring Instacart for $17 billion in a cash and stock deal. The share price is set at $65, an 11.3% premium over the closing price. The deal is expected to close by mid-2028.

DoorDash, the American delivery company that owns Wolt, announced the acquisition of Instacart, which specializes in grocery delivery, for $17 billion. The deal will be paid in cash and stock, with Instacart shareholders able to choose up to 25% of the consideration in shares. The share price in the deal is $65, an 11.3% premium over Instacart's last closing price on Nasdaq. Instacart was listed three years ago and has yielded investors a return of nearly 95%. DoorDash, which trades at a valuation of $73.4 billion, operates in 40 countries. DoorDash CEO Tony Xu said the combination will provide stores of all sizes with better tools for grocery delivery. Instacart CEO Chris Rogers added that the deal will create new opportunities. The deal is expected to close by mid-2028, subject to regulatory approvals in Israel and Canada.