DoorDash to buy Instacart for $17 billion, slashing user options

DoorDash has announced a deal to buy delivery market competitor Instacart, in a move that will leave users with one fewer iPhone app-based delivery option. DoorDash has confirmed plans to buy Instacart. DoorDash announced the move via a press release, noting that the $65-a-share buyout price represents a 26% premium on Instacart's closing price from October 22, 2026. The aggregate transaction consideration will be made up of at least 75% cash, with shareholders able to choose cash or DoorDash shares as payment.While the deal is yet to be completed, it's in both company's interests for the purchase to go ahead. Termination fees would see Instacart pay $650 million and DoorDash $1.25 billion should the deal falter. Continue Reading on AppleInsider | Discuss on our Forums