DoorDash Devours Deliveroo in $3.9 Billion Mega-Merger
Summary
In a massive $3.9 billion all-cash deal, DoorDash, the leading U.S. food delivery platform, has agreed to acquire British rival Deliveroo, valuing it at a 44% premium and bolstering DoorDash's global footprint after its recent acquisition of Finland's Wolt.
Key Points
- DoorDash agreed to acquire British food delivery firm Deliveroo for £2.9 billion ($3.9 billion) in an all-cash deal
- The deal values Deliveroo at 180 pence per share, a 44% premium to its last closing price before the offer
- The acquisition allows DoorDash to expand its international presence, following its purchase of Finland's Wolt in 2022