DoorDash to Acquire Instacart in All-Stock-and-Cash Merger

DoorDash, Inc. has agreed to acquire Maplebear Inc., which does business as Instacart, according to a merger agreement filed with the SEC.

The agreement, dated October 28, 2026, is among DoorDash, a Nevada corporation acting as parent, Ibiza Merger Sub, Inc., a Delaware corporation and wholly owned DoorDash subsidiary, and Maplebear Inc. d.b.a. Instacart, a Delaware corporation.

Under the terms of the deal, Merger Sub will merge with and into Instacart, with Instacart continuing as the surviving corporation and becoming a wholly owned subsidiary of DoorDash.

Each share of Instacart common stock, par value $0.0001 per share, other than excluded shares and shares subject to appraisal rights, will be converted into the right to receive merger consideration as set out in the agreement.

Instacart's board of directors unanimously determined that the terms of the agreement and the transactions it contemplates, including the merger, are fair to and in the best interests of the company and its stockholders. The board also determined that entering into the agreement is in the best interests of the company and its stockholders, declared it advisable, and approved the execution, delivery and performance of the agreement by Instacart.

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 28, 2026

Finazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 28, 2026