DoorDash reportedly nears $17 billion Instacart deal amid Walmart, Amazon push
DoorDash is reportedly in advanced talks to buy Instacart at a valuation of roughly $17 billion, according to the Wall Street Journal. The potential combination would join two delivery platforms as Walmart and Amazon expand their broader commerce ecosystems.
STOCK PHOTO · MAURÍCIO MASCAROThe story
The Wall Street Journal reported that DoorDash and Instacart are in advanced talks over a transaction that would value Instacart at roughly $17 billion. The report describes a possible acquisition rather than a completed deal, and the talks could still change or end without an agreement.
The reported rationale is competitive scale: DoorDash and Instacart would combine as Walmart and Amazon continue building large commerce and delivery operations. Walmart reported $713.2 billion in revenue for the fiscal year ended January 31, 2026, while Amazon reported $716.9 billion for the year ended December 31, 2025.
The transaction would directly connect DoorDash with Instacart's grocery-delivery marketplace and merchant relationships. Walmart and Amazon are the larger retail ecosystems that frame the competitive backdrop, with Amazon's latest annual revenue up 12.4% year over year and Walmart's up 4.7%.
The key uncertainty is execution: the talks are advanced but not definitive, and the reported valuation is approximate. The next evidence would be a formal transaction announcement, additional deal terms, or an indication that negotiations have ended.
Our read · Mon, Oct 26
DoorDash is reportedly in advanced talks to buy Instacart at a valuation of roughly $17 billion.
Why. A combination could create greater scale in grocery and local delivery, but the reported valuation and uncompleted status leave the financial outcome unresolved. Walmart's $713.2 billion fiscal-year revenue and Amazon's $716.9 billion annual revenue show the scale of the ecosystems the deal would confront, while Amazon's 12.4% revenue growth provides the stronger competitive benchmark.
Both cases
What could change this view: The talks could end without an agreement, or the final price and financing terms could differ materially from the reported roughly $17 billion valuation.
Who reported it · 2
Keep reading
Latest on the Wire
Taiwan readies $15BN fund as Seoul waives margin calls after AI selloffSMCI files 10-Q — Quarterly Report: 10-QHims ends GLP-1 compounding in Lilly deal as shares rallyUS adds 165,000 jobs in October as wages rise and unemployment fallsTrump weighs renewed Iran strikes as negotiators review a new proposalContinue on the Wire →Latest on the Wire
Trump weighs renewed Iran strikes as negotiators review a new proposalBitcoin holds $76,000 as Nasdaq futures rebound 1.5% before jobs dataModerna swings to profit as cancer-vaccine momentum gathers paceFed holds rates as stable labor market keeps December hike on trackContinue on the Wire →Top this week
Democrats sweep Congress, setting Trump up for legislative gridlockFutures rebound after blue sweep as dollar slides and gold tops $4,000Bitcoin plunges as AI chip selling drags Nasdaq down more than 2%Trump’s Republican Party faces a midterm verdict from US voters todayBitcoin faces renewed pressure as Binance hack intensifies market fearAbout this report
Reported by MarketWatch as A possible DoorDash-Instacart deal is all about keeping up with Walmart and Amazon, analysts say
, . Who answers for this
2 reports from 2 publishers in this record. Closes are licensed end-of-day data from Databento; the move after a story is its first close against the close before it. How this is decided →
Kept as written · your side, if you take one, is graded privately against licensed closes after 10 trading days · nothing here is advice · How the Wire is made →
