DoorDash Agrees To Buy Instacart

DoorDashDoorDashAmerican food delivery company agreed to buy InstacartInstacartInternet-based grocery delivery service in a deal valued at about $17 billion, offering $65 per share with at least 75% in cash; both boards approved it. New York City Mayor Zohran MamdaniZohran Mamdanimayor of New York City since 2026 and the American Economic Liberties ProjectAmerican Economic Liberties Projectanti-monopoly non-profit think tank opposed the acquisition, warning it could raise prices, hurt workers and concentrate grocery delivery power. DoorDash is best known for restaurant delivery, while Instacart focuses on grocery delivery. That matters as restaurant delivery growth matures and large retailers pressure delivery platforms. The companies say the merger would pair DoorDash’s network with Instacart’s grocery technology and help local businesses compete. Mamdani pointed to DoorDash’s recent city worker-pay settlement. The deal still needs regulatory and shareholder approvals before a closing expected by mid-2028.