A New Era in Food Delivery Begins

In a groundbreaking move, DoorDash Inc. has agreed to acquire Deliveroo Inc. for a staggering £2.9 billion in an all-cash deal, marking a significant milestone in the global food delivery industry. The agreement, announced on Tuesday, promises to reshape the market dynamics by combining the strengths of two leading platforms.

Uniting Strengths for Global Dominance

DoorDash CEO Tony Xu expressed his enthusiasm for the merger, highlighting the potential to serve over a billion people across more than 40 countries. "This merger is not just about scale; it's about bringing together DoorDash's operational excellence with Deliveroo's deep local insights to innovate and execute like never before," Xu stated.

Deliveroo's Endorsement of the Deal

Following careful consideration by the Deliveroo Independent Committee and advice from Goldman Sachs, Deliveroo has deemed the offer "fair and reasonable." The company plans to recommend its shareholders to approve the deal, paving the way for a seamless integration of the two giants.