CART · DoorDash filed this Rule 425 communication containing internal Q&A for…

DoorDash filed this Rule 425 communication containing internal Q&A for employees about the pending acquisition of Instacart for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion. The filing confirms the deal terms, expected closing timeline (end of 2027 or first half 2028), and standard regulatory conditions. No new financial information, revised terms, or opposition is disclosed; the document is a routine employee communication reinforcing the deal rationale and operational independence until close.

• DoorDash announced signing of agreement to acquire Instacart for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion equity value.
• Expected closing in end of 2027 or first half of 2028, subject to regulatory approvals and other closing conditions.
• Aggregate consideration is at least 75% cash; stockholders can elect cash, DoorDash stock, or a mix, subject to a cap on stock consideration at 25% of total.
• Major stockholders D1 Capital Partners and Sequoia Capital, holding about 19% of Instacart's outstanding shares, have agreed to vote in favor.