Instacart agrees to be acquired by DoorDash for $65.00 per share in cash or stock
Instacart (Maplebear Inc.) entered a merger agreement under which DoorDash will acquire it for $65.00 per share, an equity value of approximately $17 billion, with a 26% premium to its October 22, 2026 closing price. Instacart stockholders can elect cash, DoorDash stock, or a mix, subject to proration, and the deal is expected to close in late 2027 or the first half of 2028.
Key points
- Cash consideration of $65.00 per share, or 0.3372 DoorDash Class A shares, or $48.75 cash plus 0.0843 DoorDash shares per Instacart share
- Equity value of approximately $17 billion; the stock portion of the consideration is capped at 25% of aggregate consideration
- Closing expected in the end of 2027 or the first half of 2028, subject to Instacart stockholder approval, antitrust clearances and other conditions
- Stockholders holding about 19% of Instacart's outstanding shares have agreed to vote in favor
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.