DoorDash to acquire Instacart in $17 billion deal to expand grocery reach

DoorDash is acquiring Instacart for $17 billion, creating a combined entity that will offer over 150,000 grocery stores and expand beyond restaurant delivery. The deal, expected to close by late 2027 or early 2028, values Instacart at $65 per share, a 26% premium to its October 22 closing price. DoorDash plans to keep Instacart's brand and technology operating independently until the merger is finalized.