DoorDash to Buy Instacart for $17 Billion in Cash-and-Stock Deal
Photo: NBC NewsDoorDash said Thursday it will buy Instacart for $17 billion, paying $65 per share in a deal that is at least 75% cash. Instacart stockholders can choose cash, DoorDash stock or a mix, with DoorDash stock capped at 25% of the total, and Instacart's board unanimously approved it. The companies said Instacart customers will gain more than 50,000 additional stores on top of the nearly 100,000 now on its platform, and DashPass and Instacart+ members will pay one fee instead of two. DoorDash is expected to keep the Instacart brand and technology, and the two will operate separately until closing. DoorDash CEO Tony Xu said combining Instacart's grocer expertise with DoorDash's delivery network could give stores of every size more tools. DoorDash bought Britain's Deliveroo last year, and Bloomberg data put it at about two-thirds of food delivery volume in 2024.
Right-leaning New York Post and Newsmax lead with the deal's scale. The Post calls it a massive merger, notes the cash is mostly borrowed, cites an 11% premium to Wednesday's close, and ties it to Instacart's slowing revenue against Amazon and Walmart. Newsmax's excerpt stresses a boost to DoorDash's grocery business. Left-leaning CBS News and NBC News share the price but stress benefits: CBS features Xu's statement about helping supermarkets, while NBC adds store counts, the single membership fee, Instacart CEO Chris Rogers, industry consolidation and DoorDash's falling share price. Neither mentions borrowing or the premium. CNBC adds the pre-announcement leaks and Instacart's $60 million FTC settlement; ZeroHedge cites a 26% premium to last Thursday's close.
How the sides differ Right sources stress the deal's size, borrowing-based financing and Amazon and Walmart competition; left sources emphasize benefits for shoppers and grocers, memberships and industry consolidation.
Headline, comparison and summary written by AI from the articles below. AI can make mistakes, so check the original articles before relying on a detail.
CBS News and NBC News lead with the $17 billion price and benefits for grocers and shoppers, quoting DoorDash's Tony Xu and Instacart's Chris Rogers, and NBC adds consolidation and DoorDash's share-price slide.
CNBC traces the leaks before the announcement and adds Instacart's FTC settlement; ZeroHedge details the cash-and-stock terms and a 26% premium, framing the deal as a fight against Amazon and Walmart.
New York Post and Newsmax stress the deal's size; the Post adds borrowing-based financing, an 11% premium, shared San Francisco headquarters and Amazon and Walmart competition, while Newsmax says it will boost grocery delivery.