DoorDash and Instacart in talks over a potential acquisition
DoorDash agreed to buy Instacart for $17 billion, with the deal expected to close in late 2027 or early 2028.
- DoorDash announced it would buy Instacart for about $17 billion US.
- Instacart's 600,000 shoppers completed 338 million orders last year.
- Instacart concentrated 26 percent of spending on delivery platforms five years ago.
- DoorDash's market share grew from 44% to 59% in a five-year period.
- The deal is expected to close in late 2027 or early 2028.
- DoorDash has a market capitalization of roughly $75 billion.
- The acquisition represents a 26 percent premium on Instacart's closing share price.
- Instacart founder Apoorva Mehta said the two companies explored a combination on and off for years.
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