跟进：DoorDash与Instacart签最终收购协议 每股65美元、股权价值约170亿美元 预计2027年末至2028上半年交割
外卖平台 DoorDash 与生鲜配送平台 Instacart（运营公司 Maplebear）10月29日宣布，双方已于10月28日签署最终收购协议：DoorDash 将以每股65美元收购 Instacart，股权价值约170亿美元，较 Instacart 10月22日（出售洽谈消息传出前最后一个交易日）收盘价溢价约26%。本站10月24日曾报道 Instacart 正与 Uber、DoorDash 洽谈出售，此次签约意味着交易从洽谈阶段进入正式协议阶段。
按协议，交易对价至少75%以现金支付，DoorDash 普通股占比上限为25%。Instacart 股东可逐股选择收取每股65美元现金、0.3372股 DoorDash 普通股，或每股48.75美元现金加0.0843股 DoorDash 普通股的组合，股票部分超额认购时按比例分配。Instacart 董事会已一致通过该协议，持有约19%流通股的股东已同意投票支持。
DoorDash 表示，现金部分将以公司账上现金与债务融资支付，并已取得摩根大通银行为期364天的130亿美元高级无担保过桥贷款承诺。交易预计在2027年末至2028年上半年交割，尚须通过美国、加拿大与以色列的反垄断等监管审查，并获 Instacart 股东批准；若因特定竞购情形终止，Instacart 须支付6.5亿美元终止费。交割前两家公司保持独立运营，DoorDash 计划在交割后保留 Instacart 的品牌、应用与企业技术产品。
DoorDash 联合创始人兼首席执行官 Tony Xu 在联合公告中表示，生鲜是线上购物中最难做好的一环，Instacart 多年来为生鲜零售商积累了拣货与履约经验，DoorDash 则建成了本地商家依赖的配送网络与技术，两家结合可为各种规模的商家提供更多工具。
两家公司同日还公布了第三季度业绩。DoorDash 第三季度营收同比增长34%至46亿美元，总订单量增长28%至9.93亿单，平台交易总额增长36%至339亿美元，归属普通股股东的 GAAP 净利润增长91%至4.66亿美元，调整后 EBITDA 增长41%至10.6亿美元。Instacart 已暂停发布业绩指引。
Follow-up: DoorDash Signs Definitive Deal to Buy Instacart for $65 a Share, About $17 Billion, Closing Expected Late 2027 to Mid-2028
Delivery platform DoorDash and grocery delivery platform Instacart, operated by Maplebear, announced on October 29 that they had signed a definitive acquisition agreement on October 28: DoorDash will acquire Instacart for $65 per share, an equity value of approximately $17 billion, a premium of about 26 percent to Instacart's closing price on October 22, the last trading day before reports of sale talks emerged. GSM reported on October 24 that Instacart was in sale talks with Uber and DoorDash; the signing moves the transaction from talks to a formal agreement.
Under the agreement, at least 75 percent of the consideration will be paid in cash, with DoorDash common stock capped at 25 percent. For each share, Instacart stockholders may elect $65 in cash, 0.3372 shares of DoorDash common stock, or a mix of $48.75 in cash and 0.0843 DoorDash shares, subject to proration if the stock portion is oversubscribed. Instacart's board unanimously approved the agreement, and holders of about 19 percent of its outstanding shares have agreed to vote in favor.
DoorDash said the cash portion will be funded with cash on hand and debt financing, backed by a $13 billion, 364-day senior unsecured bridge loan commitment from JPMorgan Chase Bank. The transaction is expected to close in late 2027 or the first half of 2028, subject to antitrust and other regulatory clearances in the United States, Canada and Israel and approval by Instacart stockholders. A $650 million termination fee is payable by Instacart in specified competing-bid scenarios. The two companies will operate independently until closing, and DoorDash plans to retain the Instacart brand, app and enterprise technology products after closing.
Tony Xu, co-founder and chief executive of DoorDash, said in the joint announcement that grocery is one of the hardest things to get right online, that Instacart has spent years learning to do it well for grocers, and that DoorDash has built a delivery network and technology that local stores rely on every day.
The companies also reported third-quarter results the same day. DoorDash's third-quarter revenue rose 34 percent year over year to $4.6 billion, total orders rose 28 percent to 993 million, marketplace gross order value rose 36 percent to $33.9 billion, GAAP net income attributable to common stockholders rose 91 percent to $466 million, and adjusted EBITDA rose 41 percent to $1.06 billion. Instacart has suspended financial guidance.
来源：GSM·美国（原文链接）
图片来源：图：DoorDash 公司标志。公共领域，经 Wikimedia Commons。 / DoorDash logo. Public domain, via Wikimedia Commons.
- 2026-10-24 02:01消息称 Instacart 正与 Uber、DoorDash 洽谈出售，股价周五大涨约9%
- 2026-10-29 07:58跟进：DoorDash与Instacart签最终收购协议 每股65美元、股权价值约170亿美元 预计2027年末至2028上半年交割本篇
