The Canada Brief

Economy · 6 d ago

Fresh fruit and vegetables at a market

DoorDash agrees to buy Instacart for US$17 billion

Offer per Instacart share

US$65 a share

DoorDash offers US$65 a share, about 26 per cent above Instacart's Oct 22 close, with at least 75 per cent of it in cash.

"Grocery is one of the hardest things to get right online."

— Tony Xu, DoorDash CEO

What we know

  • Expected to close by early 2028
  • Instacart brand and app stay

Not yet

  • Whether regulators will allow it

The deal is expected to close at the end of 2027 or in the first half of 2028, and DoorDash plans to keep the Instacart brand and app.