CART · DoorDash (DASH) will acquire Instacart (CART) for $65.00 per share in a…

DoorDash (DASH) will acquire Instacart (CART) for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion equity value. The aggregate consideration is at least 75% cash, with stockholders able to elect cash, DoorDash stock, or a mix, subject to a cap on stock consideration at 25% of the total. The transaction is expected to close in late 2027 or first half 2028, subject to regulatory approvals, stockholder vote, and other customary conditions.

• DoorDash will acquire Instacart for $65.00 per share, equity value approximately $17 billion.
• Consideration is at least 75% cash; stock consideration capped at 25% of aggregate.
• Stockholders can elect cash ($65.00), stock (0.3372 DASH shares), or mixed ($48.75 cash + 0.0843 DASH shares).
• DoorDash may elect to issue Class C common stock as Alternative Stock Consideration before March 31, 2027.