DoorDash and Maplebear Inc., which does business as Instacart, announced a definitive agreement on October 29, 2026, for DoorDash to acquire Instacart at an equity value of about $17 billion. The deal has not closed: the companies say they will operate independently until then, and DoorDash targets closing at the end of 2027 or in the first half of 2028, subject to approvals and other conditions. (Company announcement)
What Instacart shareholders can elect
For each Instacart share, shareholders may choose one of three announced forms of consideration:
| Election | Consideration per Instacart share |
| Cash | $65.00 in cash |
| DoorDash stock | 0.3372 DoorDash shares |
| Cash and stock | $48.75 in cash plus 0.0843 DoorDash shares |
Across the transaction, at least 75% of the total consideration is to be cash, while DoorDash stock is capped at 25%. If stock elections exceed that cap, stock allocations are subject to proration. Holders of about 19% of Instacart’s outstanding shares agreed to vote in favor of the deal.
DoorDash expects to fund the cash portion with cash on hand and debt proceeds. JPMorgan Chase committed a 364-day senior unsecured bridge facility for the debt component. The agreement is not subject to a financing condition.
What has to happen before closing
Instacart shareholders must approve the transaction. The U.S. antitrust waiting period must expire or be terminated, and the deal also needs other regulatory approvals, including in Canada and Israel, plus customary closing conditions. DoorDash’s stated target is the end of 2027 or the first half of 2028; that timing depends on the required approvals and conditions.
What the companies plan for customers, stores and shoppers
DoorDash says it expects to retain Instacart’s brand, app and enterprise technology products after closing. It also says local grocers will not have to work exclusively with either platform, and Instacart shoppers will be able to keep specified features and choose between taking DoorDash orders or continuing with Instacart orders only.
Instacart had nearly 100,000 stores on its platform at the time of the announcement. DoorDash says customers could gain access to more than 50,000 additional stores after closing. The companies also estimate that combining DashPass and Instacart+ into one membership could save members $100 million a year in membership fees overall. These are projected benefits and post-close plans, not changes already in effect.
Who called for regulators to block the deal
On October 29, the American Economic Liberties Project called on the Federal Trade Commission or a state attorney general to block the proposed transaction. The request was the organization’s advocacy position. (American Economic Liberties Project statement)
