DoorDash to Acquire Maplebear in $17 Billion Cash, Stock Transaction

07:48 AM EDT, 10/29/2026 (MT Newswires) -- DoorDash (DASH) signed a definitive deal to acquire Maplebear (CART), also known as Instacart, for $65 per Instacart share, or an equity value of about $17 billion, the companies said Thursday. Under the deal, Instacart shareholders may choose to receive $65 in cash or 0.3372 of a DoorDash common share, or a mix of $48.75 in cash and 0.0843 shares of DoorDash, according to the statement. The stock consideration is capped at 25% of the total deal value, the companies said. DoorDash expects to fund the purchase with existing cash and debt financing, backed by a financing commitment letter with JPMorgan Chase Bank, the companies said. The companies said they expect to close the transaction at the end of 2027 or H1 2028. Shares of DoorDash were up more than 8%, while Maplebear stock was down more than 1% premarket Thursday.