DoorDash agrees to acquire Instacart for $17 billion

• DoorDash will acquire Instacart for approximately $17 billion, or $65 per share.
• The price represents a 26% premium to Instacart's October 22, 2026 closing price, before reports of a possible transaction.
• Consideration will be at least 75% cash, with stock capped at 25%; shareholder elections are subject to proration.
• Cash funding will come from cash on hand and debt financing; the transaction has no financing condition.
• Closing is expected in late 2027 or the first half of 2028, subject to Instacart shareholder approval, regulatory clearances and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DoorDash Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029560802) on October 29, 2026, and is solely responsible for the information contained therein.