US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn | Business

DoorDash is in discussions to acquire UK rival Deliveroo for $3.6 billion (£2.7 billion), although Deliveroo stated that no firm offer has yet been made. Should DoorDash present a firm offer of £1.80 ($2.40) per share, Deliveroo’s board would likely recommend it to shareholders, but advised them to refrain from any action until then. DoorDash, the leading food delivery app in the U.S. with significant revenue and user engagement, aims to expand its services, similar to Deliveroo, which ranks second in the UK food delivery market.