DoorDash agreed on October 29, 2026 to buy Instacart, the grocery delivery platform, in a deal valued at close to $17 billion, according to DoorDash's statement. Payment is set at $65 per share, a 26% premium over Instacart's closing price on October 22, 2026.
The deal was announced the same day DoorDash reported its third-quarter results. Reuters reported that the payment includes at least 75% in cash and that Instacart holders can elect a mix with DoorDash shares, valued at 0.3372 shares for each share. For the Mexican community in the United States, the issue touches family grocery supply and the work of the couriers who handle both store purchases and prepared food.
DoorDash and Maplebear, the company that owns Instacart, expect to close the deal in late 2027 or the first half of 2028. DoorDash's statement details that the path includes approval from Instacart shareholders, expiration of the waiting period under the U.S. Hart-Scott-Rodino Act, and regulatory approvals in Canada and Israel. Close to 19% of the shares have already committed to vote in favor, and the deal is not conditioned on outside financing.
The agreement provides that the Instacart brand and app will be maintained. Tony Xu, DoorDash's chief executive, said that "It's still early innings, but we know that when more people shop local, more dollars stay local." Reuters reported that New York's Department of Consumer and Worker Protection described a possible merger on Wednesday as part of a "troubling trend"; DoorDash responded that neighborhood stores can keep using whichever delivery platform they prefer.
Regulatory approvals and the shareholder vote will set the timetable for integration. Meanwhile, food delivery and grocery apps keep competing for the same family and the same courier in North America. It remains to be seen what both companies announce for their operation in Mexico.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.
