DoorDash to Acquire Instacart in $17 Billion Deal

In depth

According to Calcalist and Globes, DoorDash will acquire Instacart for $17 billion, in cash and stock, at a price of $65 per share. According to Globes, this is an 11% premium over the closing price. According to Calcalist, this is the largest acquisition in DoorDash's history.

According to Globes, the deal will be partly financed by a bridge loan from J.P. Morgan and is expected to be completed by mid-2028, subject to regulatory approvals in Israel as well. According to Bizportal, at least 75% of the consideration will be in cash, and DoorDash's shares rose by more than 6% after the announcement.