DoorDash agrees to acquire UK rival Deliveroo

Summary

DoorDash has announced its acquisition of British rival Deliveroo for Stg2.9 billion ($A6 billion) in cash, marking its ongoing international expansion beyond the US, Canada, and Australia. The deal, valued at 180 pence ($A3.70) per Deliveroo share, represents a 29% premium over its closing price before the announcement and follows DoorDash’s 2022 acquisition of Wolt Enterprises. After completing this purchase, DoorDash will operate in over 40 markets globally, further solidifying its presence in Europe, Asia, and the Middle East.

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