DoorDash to Acquire Instacart For $17 Billion

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 23 Oct

   Antitrust concerns helped derail DoorDash’s 2021 discussions to acquire Instacart at a valuation of $40 billion to $50 billion, The Information previously reported.

   8 outlets · New York Post
2. 26 Oct

   Separately, Instacart said in a regulatory filing on Monday it would wind down its Caper Cart smart shopping-cart business by the end of the second quarter of 2027, expecting pre-tax charges of $55 million to $80 million related to the move.

   2 outlets · New York Post
3. 29 Oct

   “Grocery is one of the hardest things to get right online,” said Tony Xu, co-founder and CEO of DoorDash, adding Instacart has spent years learning to do that well for grocers.

   5 outlets · Global News

Coverage 10 articles

• 29 Oct DoorDash to acquire Instacart in deal valued around $17BDoorDash is acquiring Instacart, a grocery delivery company, in a deal valued at approximately $17 billion, announced on Thursday. DoorDash will purchase Instacart for $65 per share, marking a 26% premium to the closing price of October 22. The acquisition aims to provide consumers with expanded store choices and faster delivery options through integration of both companies' technologies and networks.ABC News (US)
• 29 Oct Doordash to buy Instacart in $17bn deal it says will expand customer optionsDoorDash is set to acquire Instacart for $17 billion (£12.8 billion), creating a combined entity that aims to expand customer options by integrating grocery and restaurant deliveries. The deal, expected to close in about a year, will enable Instacart shoppers access to 150,000 stores, up from the current 100,000. DoorDash’s co-founder Tony Xu noted that this acquisition would allow them to leverage Instacart's…BBC
• 29 Oct DoorDash to buy Instacart for $17bn in major grocery delivery consolidationDoorDash is acquiring Instacart for $17 billion to strengthen its grocery delivery service. The acquisition will integrate Instacart's expertise in grocery delivery with DoorDash’s logistics and delivery network, giving grocers more tools and coverage across the US and Canada. With Instacart valued at $14bn and DoorDash at $73bn, the deal aims to consolidate their market positions, where DoorDash has grown from 44%…The Guardian
• 29 Oct DoorDash agrees to acquire grocery delivery rival Instacart for $17BDoorDash announced plans to acquire Instacart for approximately $17 billion in a move to strengthen its position in the US grocery delivery market. The deal, which offers Instacart shareholders up to $65 per share and is expected to close by late 2027 or early 2028, comes as competition intensifies among app-based platforms and traditional retailers seek growth in various sectors beyond food delivery. Despite…Global News
• 29 Oct DoorDash to buy rival Instacart for $17B US as it bets on grocery deliveryDoorDash announced plans to acquire rival grocery delivery service Instacart for approximately $17 billion, marking a significant push into the growing U.S. grocery delivery market. This deal comes as food delivery companies seek new growth areas amid mature restaurant delivery markets and intensifying competition. DoorDash is offering Instacart shareholders $65 per share, a 26% premium to its pre-deal price, aiming…CBC
• 29 Oct DoorDash to Acquire Instacart For $17 Billion
  NBC News
• 29 Oct DoorDash gobbles up Instacart in $17 billion dealDoorDash announced it would acquire Instacart for $17 billion, with DoorDash paying $65 per share. The deal aims to combine DoorDash’s food delivery network with Instacart’s expertise in grocery delivery services, helping more supermarkets integrate these platforms into their operations. Tony Xu, CEO of DoorDash, stated that the merger will provide stores with better tools and enhance the potential for grocery…CBS News
• 29 Oct Doordash to acquire Instacart for $17 billion, creating delivery giant
  NBC News
• 26 Oct DoorDash in talks to buy delivery rival Instacart in $17B deal: reportReuters reports that DoorDash is in advanced talks to acquire Instacart for approximately $17 billion. Talks between Uber and Instacart are no longer active. Should the deal go through, DoorDash would gain access to Instacart’s extensive grocery delivery network and retailer relationships, complementing its own food delivery services. Analysts suggest that DoorDash is a more natural fit due to complementary…New York Post
• 23 Oct Instacart explores potential sale, holds talks with Uber and DoorDash: reportGrocery delivery company Instacart is exploring potential sale options, with reports suggesting preliminary discussions with competitors Uber and DoorDash. According to The Information, Instacart is valued at around $13 billion and an investment bank is evaluating its strategic alternatives; a sale could be worth up to $17 billion if a 40% premium is offered. The negotiations come amid industry consolidation…New York Post

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