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DoorDash nears $17B deal to buy Instacart, aiming to challenge Amazon and Walmart in grocery delivery.

27 Oct 2026, 14:28 WIB
Seeking Alpha
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Neutral
DoorDash nears $17B deal to buy Instacart, aiming to challenge Amazon and Walmart in grocery delivery.

DoorDash is in advanced talks to acquire Instacart for about $17 billion, with a deal possibly closing this week. This merger is seen as a strong move to compete against Amazon and Walmart's expanding grocery delivery services. Instacart has struggled since its IPO, underperforming the Nasdaq by 18 points, prompting strategic options including this potential sale. The news boosted Instacart shares by nearly 8%, while DoorDash shares dipped slightly but recovered premarket.

DASH (DoorDash Inc) trades at USD 167.95 on Pluang as of Oct 27, 2026 18:42 WIB, down 0.29% for the day. The stock's market cap stands at $72.98 billion with a volume of 7,923,235 shares. Most Pluang users are buyers, with 76% of order activity favoring purchases, reflecting steady investor interest despite recent news.

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DoorDash nears $17B deal to acquire Instacart, boosting grocery delivery reach.

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