DoorDash has agreed to acquire Instacart for $65.00 a share, a deal it values at about $17 billion, according to DoorDash's October 29, 2026 announcement. The companies expect it to close at the end of 2027 or in the first half of 2028.
The Deal Terms
DoorDash puts a total value of $65.00 on each Instacart share, a 26% premium to Instacart's closing price on October 22, 2026.
Stockholders can elect one of three forms of payment:
- $65.00 in cash.
- 0.3372 shares of DoorDash common stock.
- A mix of $48.75 in cash and 0.0843 shares of DoorDash common stock.
Elections are subject to proration so that DoorDash stock doesn't exceed 25% of the total consideration, which will be at least 75% cash.
What Has to Happen Before It Closes
The deal needs Instacart stockholder approval and clearance under the Hart-Scott-Rodino Antitrust Improvements Act, among other approvals. DoorDash says stockholders holding about 19% of Instacart's outstanding shares have agreed to vote in favor.
DoorDash expects the deal to close at the end of 2027 or in the first half of 2028.
What DoorDash Expects to Keep
After closing, DoorDash is expected to keep Instacart's brand, enterprise technology products and app.
Why Cardholders Should Care
Upgraded Points notes that DoorDash and Instacart perks come with many credit cards, most of them issued by Chase. Our article on the Chase Sapphire Reserve DoorDash credit covers what that card gives today.
We'll update our card coverage if the companies announce changes to their memberships.
