Instacart parent Maplebear to be acquired by DoorDash in $17 billion deal
-2.24% to $57.11 from $58.42
What moved CART
- Maplebear’s board unanimously approved the definitive agreement to be acquired by DoorDash at $65.00 per share, an equity value of about $17 billion.
- Shareholders can choose cash, DoorDash stock, or a mix, with a per-share alternative structure of $48.75 cash plus 0.0843 DoorDash shares; stock consideration is capped at 25% of the deal total.
- The deal follows Wall Street Journal reporting on October 26 that DoorDash was in advanced talks to buy Instacart and that Instacart’s separate talks with Uber were no longer active.
- Closing is expected in late 2027 or the first half of 2028, pending Instacart shareholder approval and antitrust review.
Sources: SEC filing (DoorDash 8-K) · Wall Street Journal