DoorDash agrees to buy Instacart for about $17 billion
The gist
DoorDash agreed to acquire grocery-delivery platform Instacart in a cash-and-stock deal valued at about $17 billion.
The tie-up would combine restaurant delivery with grocery expertise, reshaping US delivery competition.
How it unfolded
- Oct 23, 2026Instacart shares jumped 9.21% to $56.44 when sale talks first surfaced; The Information reported Instacart was exploring a sale and had held preliminary talks with DoorDash and Uber, with the Uber conversations fading.
- Oct 24, 2026Bloomberg reported Instacart explored a potential sale including discussions with Uber, which walked away; the two sides were no longer in discussions.
- Oct 26, 2026DoorDash was reported in advanced talks to acquire Instacart for about $17 billion, with no agreement signed and neither company confirming. Instacart shares rose about 8% while DoorDash fell around 6%; Instacart also said in a filing it would wind down its Caper Cart smart shopping-cart business by the end of Q2 2027, expecting pre-tax charges of $55 million to $80 million.