Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Cooley says it advised Instacart on its $17 billion DoorDash sale agreement
Cooley said it advised Instacart on a definitive agreement to be acquired by DoorDash in a transaction valued at approximately $17 billion. The firm said both companies’ boards unanimously approved the agreement and identified corporate partners leading its work on the proposed combination.
Key points
- Cooley said the consideration was $65 per share.Cooley
- The firm said closing was expected in the first half of 2028.Cooley
- Cooley said it had advised Instacart since 2017, including on its $660 million IPO in 2023.Cooley
- The firm named Jon Avina, Jamie Leigh, Kevin Cooper, Milson Yu and Kyle Hess as team leaders.Cooley