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DoorDash agrees to buy Instacart for about $17 billion; deal still needs to close

DoorDash announced Thursday that it will acquire Instacart for about $17 billion, and the companies say the deal pairs DoorDash's logistics with Instacart's grocer ties.

Posted Updated (4 d ago)

DoorDash said Thursday it will buy Instacart for about $17 billion. The deal has not closed. PBS NewsHour describes it as a major consolidation of grocery delivery.

The companies say the combination would join DoorDash's global reach and logistics expertise with Instacart's purpose-built technology and long-standing relationships with grocers, PBS reports.

DoorDash said in a statement that Instacart will keep its brand name and app. The Hill reports that Instacart's board approved the deal unanimously. The Guardian reports that Instacart shoppers can keep fulfilling Instacart orders, and grocers can choose to work with either company. DoorDash said Instacart customers will get access to 50,000 more stores that DoorDash covers.

The New York Times says the deal joins the largest U.S. restaurant delivery service with the biggest online grocery platform. The Verge says DoorDash began as a restaurant courier service and already runs a grocery business, which faces ongoing competition. The Guardian reports DoorDash's CEO called grocery delivery one of the hardest things to get right online.

CNBC reports that talk of a deal had circulated since last week, with several outlets putting Instacart's value at roughly $17 billion.

Reported by

  1. NBC NewsDoordash to acquire Instacart for $17 billion, creating delivery giantThu, Oct 29, 7:27 AM EDT
  2. The New York TimesDoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery GiantsThu, Oct 29, 7:32 AM EDT
  3. CNBCDoorDash to acquire Instacart for $17 billionThu, Oct 29, 7:54 AM EDT
  4. The VergeDoorDash is acquiring Instacart for around $17 billionThu, Oct 29, 7:56 AM EDT
  5. NBC NewsDoorDash to Acquire Instacart For $17 BillionThu, Oct 29, 8:16 AM EDT
  6. The GuardianDoorDash to buy Instacart for $17bn in major grocery delivery consolidationThu, Oct 29, 9:41 AM EDT
  7. The HillDoorDash buying Instacart for $17BThu, Oct 29, 10:12 AM EDT
  8. PBS NewsHourDoorDash offers $17 billion for Instacart in what would be big grocery delivery consolidationThu, Oct 29, 6:41 PM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (5)
  1. Thu, Oct 29, 10:30 AM EDT, 6 outlets: Instacart board unanimously backs DoorDash's $17 billion buyout offer
  2. Thu, Oct 29, 10:00 AM EDT, 5 outlets: DoorDash to buy Instacart for $17 billion; Instacart app and brand to stay
  3. Thu, Oct 29, 8:10 AM EDT, 4 outlets: DoorDash to buy Instacart in deal valued at about $17 billion
  4. Thu, Oct 29, 7:55 AM EDT, 3 outlets: DoorDash to acquire Instacart in $17 billion deal
  5. Thu, Oct 29, 7:35 AM EDT, 2 outlets: DoorDash to buy Instacart for $17 billion