DoorDash 到 Acquire Instacart 帮助本地存储器胜诉
- 交易价值为每股65.00美元，相当于2026年10月22日Instacart收盘价格的26%
- DoorDash和Instacart公司通过最大的网上零售商和杂货商为自己创造的创新技术，将帮助各种规模的商店达到更多的客户。
- 消费者从更多的选择和获得负担得起的服务和储蓄中受益
- Dashers和Shoppers拥有更多的收入机会和更多的选择时间和方式
SAN FRANCISCO-(BUSINSS WIRE)-DoorDash股份有限公司(NASDAQ:DASH)和枫熊股份有限公司(d.b.a. Instacart,NASDAQ:CART)今日宣布达成明确协议，DoorDash将收购Instacart，每Instacart股份总价值65.00美元，或股价约170亿美元。 总交易考虑至少是75%的现金，Instacart的股票持有者可以选择现金，DoorDash股票，或者两者兼而有之，但须按比例推算，使DoorDash股票不超过总考虑的25%. Instacart的董事会一致批准了该协议。
DoorDash和Instacart共享一个任务，帮助当地企业取得成功。 一家人到Instacart做每周大店铺，到DoorDash做饭，还有他们一个小时之内要从邻居那里得到的几乎所有东西。 该联合公司将在应用程序和商店自己的网站上提供DoorDash各种规模的供货网络和Instacart的杂货和满足技术的杂货和零售商，以及每个公司制作的广告和AI工具。 客户在两个应用上都会在他们自己的社区中选择一家商店，商店进行销售。 消费者会有更多的商店可以选择，在选择与本地企业购物时会有更多的储蓄机会，以及更快的交货选择，而Dashers和 Shoppers则会有更多的赚钱方式。
大多数杂货购物仍然发生在商店中，但更多的人在网上购买杂货和日常用品。 他们期望迅速、廉价和易于订购的交货方式。 最大的在线零售商和杂货商在前方赛跑，建立自己的快递车队，仓库，会员计划，以及AI购物助理。 杂货商或零售商在微薄的边际上经营，不能单独建造所有这些，而随着大赦国际的建立，游乐场有可能更远离当地商业。
DoorDash和Instacart认为，当主街竞争时，社区受益，他们建造了增强当地企业能力的工具。 他们一起可以帮助本地商店在网上成长。 更多的杂货商可以运用Instacart的技术来管理自己的网站和零售媒体网络，从而带来更多的销售和广告收入。 品牌将获得一个规模化的替代品，可以在网上达到客户。 Grocers可以通过DoorDash的DashMart Fulflement Services来增加在线订购能力，并提供更快，更准确，更负担得起的服务。
写道，称 Tony Xu是DoorDash的联合创始人兼首席执行官。 “Instacart花了数年时间学习如何为杂货店做这种好事，而DoorDash则建立了当地商店每天依赖的送货网络和技术。 我们可以一起让每个大小的商店都有更多这些工具，并释放杂货交付的潜力。 但当更多的人在当地购物时
“在过去的14年里，Instacart通过帮助各种规模的零售商竞争和成长，“当我们的特意制造的杂货店技术以及值得信赖的零售商和品牌关系与DoorDash的全球消费者范围和物流能力相结合时，我们可以为我们零售和品牌伙伴创造新的机会，为客户和购物商提供更好的经验，为我们股东提供令人信服的价值。 我们一起可以加速整个杂货业的创新，使在线杂货店更加无缝，为我们服务的数百万个家庭负担得起。”
利益和承诺
DoorDash预计交易会带来许多好处，包括：
——消费者更多选择：Instacart 客户可以在5万多家新增商店购物，在今天Instacart平台的近10万家商店之上。
- 一个成员的价格为两个成员：DashPass和Instacart+成员将支付一个成员的费用，而不是两个成员的费用，这将每年节省大约1亿美元的会费。
- 给Dashers和Shoppers更多的收入途径：给当地企业更多的订单可以创造更多的收入机会，可以选择更多的时间和收入方式，无论是在安静的一天，在高峰时期的餐厅订单，还是两者兼而有之。
DoorDash自豪地分享了它今天作出的几项紧要承诺
- 开放平台，无杂货独家：本地杂货商可以与任何他们选择的供货平台合作，帮助他们成长。
- Shoppers Keep What they Love:Instacart Shoppers可以保留自己喜爱的特性，包括灵活选择工作内容和所需信息，以决定接受哪些批次，选择是接受DoorDash订单还是只保留Instacart购物。
关闭后，DoorDash预计将保留Instacart的品牌，企业技术产品和app. 在交易结束前，DoorDash和Instacart将继续作为独立独立的公司运营。
交易细节
每家Instacart股份65.00美元的价值代表了2026年10月22日Instacart收盘价格的26%的溢价，这是媒体报道可能交易的前最后一个交易日。 内燃机车股东有权选择接受每股内燃机车股票：(一)现金65.00元，(二)DoorDash共同股0.3372元，或 (三)现金48.75元，DoorDash共同股0.0843元的混合，但每股须在总股量考虑上限下，由DoorDash可以缓冲，等于总考虑量的25%和某些延展力学。 如果对股票的考虑过高，适用的Instacart股票持有人将按比例接受股票的考虑。
DoorDash预计将用手头现金和债务融资收益为审议的现金部分提供资金。 DoorDash与JPMorgan Chase Bank, N.A.签订融资承诺书，规定提供364天的高级无担保桥梁贷款机制，以支持交易中的债务部分，但须满足或放弃某些习惯条件。 交易不附带融资条件。 DoorDash针对的是保持投资等级评级的资本结构。
交易预计在2027年底或2028年上半年结束，但须经Instacart股东批准，1976年的哈特-斯科特-罗德诺反托拉斯改进法案规定的等待期到期或终止，包括加拿大和以色列在内的其他监管批准，以及其他习惯性的关闭条件。 持有Instacart约19%的未偿股权的股东同意投票支持交易。
电话会议
DoorDash今天将单独报告其2026年第三季度的结果，并将在5:30的PT(8:30 ET. 网播和交易材料可在ir.doordash.com查阅。
顾问
Centerview Partners LLC担任DoorDash的首席财务顾问，J.P. Morgan证券LLC也担任DoorDash的财务顾问。 LLP正担任DoorDash的法律顾问。 JPMorgan Chase Bank, N.A.)在承诺的桥梁融资方面担任唯一的领跑安排人和簿记人。 Goldman Sachs & Co. LLC担任Instacart的财务顾问，Cravath、Swaine & Moore LLP和Cooley LLP担任Instacart的法律顾问。
关于 DoorDash
DoorDash正通过将人与自己最好的邻里联系起来来建设当地商业的未来。 自2013年建国以来，我们为超过100亿个消费订单提供了便利，为商人带动了超过2300亿美元的销售，帮助Dashers通过平台赚取了超过800亿美元，并扩展到40多个国家。 我们通过全球的多个品牌支持各种规模的企业，包括DoorDash,delivelo，七号房和Wolt.
关于Instacart
Instacart是一家领先的杂货技术公司，与……合作超过2200个零售横幅 — — 代表着近10万家商店 — — 以改变人们从他们信任的零售商那里购买他们需要的杂货的方式，同时为购物商创造灵活的创收机会。 公司通过Instacart Marketplace、Instacart Entertainment平台和Instacart Ads生态系统，对电子商务、实现、商店技术、AI供货以及合作伙伴的广告进行授权。 详情请访问www.intacart.com/company。 枫熊股份有限公司是Instacart的注册公司名称。
前瞻语句
本版包含1933年"证券法"第27A条意义内的前瞻性声明，以及1934年"证券交易法"第21E条，这些声明涉及重大风险和不确定性。 前瞻性报表一般涉及未来事件或DoorDash有限公司( " DoorDash " )或枫熊公司( " Instacart " )的未来财务或经营业绩。 在某些情况下，你可以确定前瞻性的声明，因为这些声明包含诸如 " 可以 "、 " im "、 " 愿意 "、 " 应该 "、 " 期望 "、 " 计划 "、 " 尝试 "、 " 可以 "、 " 打算 "、 " 目标 "、 " 项目 "、 " 假设 "、 " 估计 "、 " 潜在 "、 " 向前 " 或 " 继续 " 等词语，或者这些词语或其他类似词语的负面表述，涉及DoorDash或Instacart的期望、战略、计划或意图。 本版的前瞻性声明包括但不限于关于DoorDash根据DoorDash合并协议和计划拟收购Instacart的声明，关于DoorDash全资子公司Ibiza合并子公司和Instacart公司(“默格协议”和S. 此类交易，即 " 拟议交易 "；拟议交易的预期融资；拟议交易按设想的条件完成或完全完成的预期时间和可能性；拟议交易的预期效益、协同作用和战略价值，包括合并公司的未来财务和经营业绩；DoorDash关于Instacart整合的计划和期望；DoorDash和Instacart关于拟议交易的计划、目标、期望和意图、拟议交易的依赖期以及合并公司。 这些期望和信念可能无法实现，未来期间的实际结果可能面临风险和不确定性，可能导致实际结果与预测结果发生实质性差异，包括与下列有关的风险和不确定性：任何事件、变化或其他可能导致终止合并协定的情况的发生，包括要求一方支付终止费或偿还费用的情况；获得或延迟获得政府和监管批准的能力 包括根据197年《哈特-斯科特-罗德诺反托拉斯改进法》规定的等候期的届满或终止
本文由 AI图鉴自动抓取并翻译，版权归原作者所有；如需查看原文请点下方链接。
DoorDash to Acquire Instacart to Help Local Stores Win
- Transaction values Instacart at $65.00 per share, representing a 26% premium to Instacart's closing price on October 22, 2026
- Together, DoorDash and Instacart would help stores of every size reach more customers with the kinds of innovative technology that the biggest online retailers and grocers build for themselves
- Consumers to benefit from more choice and access to affordable delivery and savings
- Dashers and Shoppers to have more earnings opportunities and more choice over when and how they earn
SAN FRANCISCO--(BUSINESS WIRE)-- DoorDash, Inc. (NASDAQ: DASH) and Maplebear Inc. (d.b.a. Instacart, NASDAQ: CART) today announced a definitive agreement under which DoorDash will acquire Instacart for a total value of $65.00 for each Instacart share, or an equity value of approximately $17 billion. The aggregate transaction consideration will be at least 75% cash, with Instacart stockholders able to elect cash, DoorDash stock, or a combination of both, subject to proration so that DoorDash stock does not exceed 25% of the aggregate consideration. Instacart's board of directors has unanimously approved the agreement.
DoorDash and Instacart share a mission to help local businesses succeed. Families turn to Instacart for the big weekly shop and to DoorDash for meals and nearly anything else they need from their neighborhood in under an hour. The combined company will offer grocers and retailers of every size DoorDash's delivery network and Instacart's grocery and fulfillment technology, in both apps and on stores' own websites, along with the advertising and AI tools each company has built. On either app, customers pick a store in their own community, and the store makes the sale. Consumers will have more stores to choose from, more savings opportunities when they choose to shop with a local business, and faster delivery options, while Dashers and Shoppers will have more ways to earn.
Most grocery shopping still happens in stores, but more people are buying groceries and everyday goods online. They expect fast, affordable delivery and an easy way to order. The biggest online retailers and grocers are racing ahead, building their own delivery fleets, warehouses, membership programs, and AI shopping assistants. A grocer or retailer running on thin margins cannot build all of that alone, and with AI, the playing field risks being tilted even further away from local commerce.
DoorDash and Instacart believe that communities benefit when Main Street competes, and they build the tools that empower local businesses. Together, they could help local stores grow online. More grocers could deploy Instacart's technology to run their own websites and retail media networks, bringing them more sales and advertising revenue. Brands would gain a scaled alternative for reaching customers online. Grocers could add capacity for online orders through DoorDash's DashMart Fulfillment Services and offer faster, more accurate, and more affordable delivery.
“Grocery is one of the hardest things to get right online. Someone has to pick a ripe avocado, find a substitute you’d choose yourself, and get the ice cream to you before it melts,” said Tony Xu, co-founder and CEO of DoorDash. “Instacart has spent years learning to do that well for grocers, while DoorDash has built a delivery network and technology that local stores rely on every day. Together, we could give stores of every size more of those tools and unlock the potential of grocery delivery. It’s still early innings, but we know that when more people shop local, more dollars stay local.”
“Over the last 14 years, Instacart has transformed online grocery by helping retailers of all sizes compete and grow, and joining forces with DoorDash allows us to do even more,” said Chris Rogers, CEO of Instacart. “When our purpose-built grocery technology and trusted retailer and brand relationships are combined with DoorDash’s global consumer reach and logistics capabilities, we can create new opportunities for our retail and brand partners, offer an even better experience for customers and shoppers, and deliver compelling value for our shareholders. Together, we can accelerate innovation across the grocery industry and make online grocery more seamless and affordable for the millions of households we serve.”
Benefits and commitments
DoorDash expects many benefits will flow from the transaction, including:
- More Choice for Consumers: Instacart customers could shop at more than 50,000 additional stores, on top of the nearly 100,000 stores on the Instacart platform today.
- Two Memberships for the Price of One: DashPass and Instacart+ members would pay one membership fee instead of two, which would save them an estimated $100 million per year on membership fees alone.
- More Ways to Earn for Dashers and Shoppers: More orders for local businesses can create more earning opportunities, with more choice over when and how they earn, whether that’s grocery orders on a quiet day, restaurant orders at peak times, or both.
DoorDash is proud to share a few of the post-close commitments it is making today that demonstrate how this deal benefits local communities:
- Open Platform, No Grocery Exclusivity: Local grocers can work with any delivery platform they choose to help them grow.
- Shoppers Keep What They Love: Instacart Shoppers can keep the features they love, including the flexibility to choose how much they work and the information they need to decide which batches to accept, and choose whether to take on DoorDash orders or keep shopping only on Instacart.
Following closing, DoorDash is expected to keep Instacart’s brand, enterprise technology products, and app. Until the transaction closes, DoorDash and Instacart will continue to operate as separate and independent companies.
Transaction details
The value of $65.00 per Instacart share represents a 26% premium to Instacart's closing price on October 22, 2026, the last trading day before media reports about a possible transaction. Instacart stockholders will have the right to elect to receive, for each Instacart share: (i) $65.00 in cash, (ii) 0.3372 shares of DoorDash common stock, or (iii) a mix of $48.75 in cash and 0.0843 shares of DoorDash common stock, in each case, subject to a cap on the total stock consideration issuable by DoorDash equal to 25% of the aggregate consideration and certain proration mechanics. If stock consideration is oversubscribed, applicable Instacart stockholders will receive stock consideration on a prorated basis.
DoorDash expects to fund the cash portion of the consideration with cash on hand and proceeds from debt financing. DoorDash has entered into a financing commitment letter with JPMorgan Chase Bank, N.A. providing for a 364-day senior unsecured bridge loan facility in support of the debt component of the transaction, subject to satisfaction or waiver of certain customary conditions. The transaction is not subject to a financing condition. DoorDash is targeting a capital structure that will maintain investment-grade ratings.
The transaction is expected to close in the end of 2027 or the first half of 2028, subject to approval by Instacart stockholders, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, other regulatory approvals, including in Canada and Israel, and other customary closing conditions. Stockholders holding about 19% of Instacart's outstanding shares have agreed to vote in favor of the transaction.
Conference call
DoorDash will separately report its third quarter 2026 results today and will discuss the transaction on its earnings call at 5:30 a.m. PT (8:30 a.m. ET). The webcast and transaction materials are available at ir.doordash.com.
Advisors
Centerview Partners LLC is acting as lead financial advisor to DoorDash, and J.P. Morgan Securities LLC is also acting as a financial advisor to DoorDash. Latham & Watkins LLP is serving as legal counsel to DoorDash. JPMorgan Chase Bank, N.A. acted as sole lead arranger and bookrunner on the committed bridge financing. Goldman Sachs & Co. LLC is acting as financial advisor to Instacart, and Cravath, Swaine & Moore LLP and Cooley LLP are serving as legal counsel to Instacart.
About DoorDash
DoorDash is building the future of local commerce by connecting people to the best of their neighborhoods. Since our founding in 2013, we have facilitated over 10 billion consumer orders, driven over $230 billion in sales for merchants, helped Dashers earn over $80 billion through the platform, and expanded to more than 40 countries. We support businesses of all sizes through multiple brands around the globe, including DoorDash, Deliveroo, SevenRooms, and Wolt.
About Instacart
Instacart is a leading grocery technology company that partners with more than 2,200 retail banners – representing nearly 100,000 stores – to transform how people shop for the groceries they need from the retailers they trust, while creating flexible earning opportunities for shoppers. Through the Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads ecosystem, the company powers ecommerce, fulfillment, in-store technology, AI offerings, and advertising for partners. For more information, visit www.instacart.com/company. Maplebear Inc. is the registered corporate name of Instacart.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the future financial or operating performance of DoorDash, Inc. (“DoorDash”) or Maplebear Inc. (“Instacart”). In some cases, you can identify forward-looking statements because they contain words such as “may,” “aim,” “will,” “should,” “expect,” “plan,” “try,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “toward,” or “continue” or the negative of these words or other similar terms or expressions that concern DoorDash’s or Instacart’s expectations, strategies, plans, or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding the proposed acquisition of Instacart by DoorDash pursuant to the Agreement and Plan of Merger among DoorDash, Ibiza Merger Sub, Inc., a wholly owned subsidiary of DoorDash, and Instacart (the “Merger Agreement” and such transaction, the “Proposed Transaction”); the expected financing of the Proposed Transaction; the expected timing and likelihood of completion of the Proposed Transaction on the terms contemplated or at all; the expected benefits, synergies, and strategic value of the Proposed Transaction, including the future financial and operating performance of the combined company; DoorDash’s plans and expectations regarding the integration of Instacart; and the plans, objectives, expectations, and intentions of DoorDash and Instacart with respect to the Proposed Transaction, the period of pendency of the Proposed Transaction, and the combined company. These expectations and beliefs may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: the occurrence of any event, change, or other circumstance that could give rise to the termination of the Merger Agreement, including circumstances requiring a party to pay a termination fee or reimburse expenses; the ability to obtain, or delays in obtaining, governmental and regulatory approvals required for the Proposed Transaction, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 197
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