DoorDash Acquires Instacart for $17 Billion; Agility Robotics Advances SPAC Merger

DoorDash announced a definitive agreement to acquire Instacart for approximately $17 billion in equity value. The transaction, agreed upon on October 29, involves DoorDash combining its delivery network with Instacart’s grocery fulfillment, advertising, and AI technology. Separately, Agility Robotics is advancing its SPAC merger with Churchill Capital Corp XI.

The acquisition integrates Instacart’s technology, which partners with nearly 100,000 stores. The deal offers Instacart shareholders $65 per share, representing a 26 percent premium to the October 22 closing price. The closing of the transaction is expected in late 2027 or H1 2028, pending regulatory and shareholder approvals.