Mergers & Acquisitions ·
DoorDash agrees to acquire Maplebear for $65.00 per share in approximately $17 billion deal
CARTMaplebear Inc.
DoorDash, Inc. entered into a definitive merger agreement to acquire Maplebear Inc., the parent company of Instacart, in an all-cash or stock transaction valued at $65.00 per share, representing an equity value of approximately $17 billion. The consideration allows shareholders to elect cash, DoorDash common stock (0.3372 shares), or a mixed election ($48.75 plus 0.0843 shares), subject to proration ensuring no more than 25% of the aggregate consideration is paid in stock. The transaction requires approval by Maplebear's stockholders and regulatory clearance, including under the Hart-Scott-Rodino Act, with a target closing date in late 2027 or early 2028. Major shareholders holding approximately 19% have agreed to vote in favor of the deal. Maplebear Inc. operates as a leading grocery technology company that partners with retailers to power ecommerce, fulfillment, and advertising solutions.