US EditionDoorDash to acquire UK's Deliveroo in $3.9 billion deal
- DoorDash, a U.S. Food delivery app based in San Francisco, agreed on May 6 to acquire British rival Deliveroo in a $3.9 billion cash deal.
- The acquisition, offering 180 pence per Deliveroo share which is 29% above its April 24 closing price, follows DoorDash’s expansion beyond the U.S., Canada, and Australia.
- Deliveroo serves nine markets, with the U.K. And Ireland representing 59% of its 2023 revenue, and collaborates with approximately 176,000 local restaurants and retailers.
- DoorDash CEO Tony Xu expressed great enthusiasm about the potential achievements that DoorDash and Deliveroo can reach through their collaboration, emphasizing the strategic importance of the acquisition.
- This acquisition marks DoorDash’s second major international purchase in three years, expanding its presence to over 40 markets and strengthening its global food delivery platform.
166 Articles
166 Articles
DoorDash Scoops up British Rival Deliveroo in Global Push
DoorDash must be in the mood for bangers and mash: It struck a $3.9 billion deal to take over British rival Deliveroo. And for dessert, the company plans to shell out another $1.2 billion on hospitality software company SevenRooms. The multi-billion dollar deal spree comes after DoorDash posted a $193 million profit in the first quarter, reversing its loss from the same time last year. Moving forward, international expansion could help DoorDash…
U.S. DoorDash on 5 bln USD buying spree after earnings beat
NEW YORK, May 6 (Xinhua) -- In a matter of five hours on Tuesday, the U.S. delivery firm DoorDash Inc. announced two multibillion-dollar acquisitions that stand to turn what is already the largest food-delivery service in the United States into a formidable global player. Read full story
US Doordash buys English Delivery for 3.4 billion euros
The US Doordash group bought the English Delivery by paying £2.9 billion (€3.4 billion). It is the second largest acquisition of Doordash in a few hours, the other is the one of 1.2 billion dollars of the SevenRooms hotel booking platform. The Board of Directors of Deliveroo accepted the proposal formulated by the Americans last April 25, recommending it to its shareholders who, if they join, will receive 180 pence per share, with a 29% prize on…
DoorDash agrees to buy Deliveroo for $3.9 billion
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 Exchange opened…
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