DoorDash Announces Proposed Acquisition of Instacart (Maplebear Inc.)

Transaction Overview

On October 29, 2026, DoorDash, Inc. filed Form 425 pursuant to Rule 425 under the Securities Act of 1933 and Rule 14a-12 under the Securities Exchange Act of 1934, relating to the proposed acquisition of Maplebear Inc. (operating as Instacart).

Key Transaction Details

• Agreement Date: October 28, 2026
• Acquirer: DoorDash, Inc. (Nevada corporation)
• Target: Maplebear Inc. (Delaware corporation, d/b/a Instacart)
• Merger Entity: Ibiza Merger Sub, Inc. (direct wholly owned subsidiary of DoorDash)
• Consideration Structure: DoorDash common stock will be issued in connection with the merger pursuant to an upcoming Form S-4 registration statement and proxy statement/prospectus.

Strategic & Regulatory Context

• Regulatory Approvals: The transaction is subject to regulatory clearance, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), clearance under the Competition Act (Canada), and Israeli Economic Competition Law approvals.
• Shareholder Vote: Subject to the approval of Maplebear Inc. (Instacart) stockholders.
• Market Impact: This transaction represents a massive consolidation within the on-demand grocery, food, and convenience delivery ecosystem, combining two of North America's largest delivery platforms.