M&A · Industrials · Services-Business Services, NEC
DoorDash, Inc. to acquire Instacart Inc.
Announced Oct 29, 2026 · Announced
Deal value$17.00BEV $16.24B
Premium26.0%To unaffected price
EV / Adj. EBITDA14.5x4.1x EV / Revenue
ConsiderationCash and stock
Transaction
- Acquirer
- DoorDash, Inc. (DASH)
- Target
- Instacart Inc. (CART)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $16.24B
- Status
- Announced
Deal protections
- Break fee (target pays)
- $650M · 3.8%
- Reverse fee (buyer pays)
- $1.25B · 7.4%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Centerview, JPMorgan
- To the target
- Goldman Sachs
Sector context · Industrials
- Comparable deals
- 99 in the prior 24 months
- Premium
- 26.0% vs. 39.0% sector median
- EV / Adj. EBITDA
- 14.5x vs. 11.2x sector median
- Break fee
- 3.8% vs. 2.9% sector median
Timeline
- AnnouncedOct 29, 2026
- ClosedPending