DoorDash has agreed to acquire Instacart for $65.00 per share, valuing the company at about $17 billion and representing a 26% premium to Instacart’s October 22, 2026 closing price. The deal consideration will be at least 75% cash, with Instacart stockholders able to elect cash, DoorDash stock, or a mix, subject to proration so DoorDash stock does not exceed 25%. The companies say the combined business would help retailers of all sizes reach more customers and give consumers more choice and delivery savings while expanding earnings opportunities for Dashers and Shoppers.