US EditionDoorDash to acquire UK's Deliveroo in $3.9 billion deal
- On May 6, 2025, US delivery firm DoorDash agreed to acquire UK-based Deliveroo for £2.9 billion in a cash takeover offer.
- This offer follows Deliveroo's share price slump after 2021 flotation and aims to expand DoorDash into nine new European markets currently served by Deliveroo.
- Deliveroo operates in nine countries with over 130,000 riders and sales near £2 billion in 2024, while DoorDash spans around 30 countries and seeks to cover 40 after the deal closes.
- DoorDash CEO Tony Xu highlighted that the merger will expand their reach to over 40 nations, collectively home to more than one billion individuals, and will provide improved technological resources for local businesses.
- The acquisition, pending shareholder approval and expected to complete by late 2025, will create a large platform to better compete with rivals and support merchants, riders, and consumers globally.
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DoorDash agrees to acquire UK rival Deliveroo for $3.9 billion
LONDON (AP) — DoorDash, the ubiquitous U.S. food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East. San Francisco-based DoorDash will pay 180 pence ($2.40) for each Deliveroo share, 29% more than the closing price on April 24, the day before the offer was announced, the companies said in a joint statement before the London Stock Ex…
·Albuquerque, United States
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