DoorDash will pay $17B cash-heavy for Instacart, and won't close until 2027 or 2028 (about.doordash.com)
DoorDash offered $65 per Instacart share, about $17B in equity value, with at least 75% in cash backed by a JPMorgan bridge loan. It expects to close in late 2027 or the first half of 2028 and says grocers will be free to use any delivery platform.
Hacker News largely skipped antitrust and argued about whether anyone should pay delivery fees at all.
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