A New Era in Food Delivery

In a landmark agreement, DoorDash Inc. has announced its acquisition of Deliveroo Inc. for a staggering £2.9 billion, marking a significant milestone in the global food delivery industry. This all-cash deal, valued at 180 pence per share, promises to redefine the landscape of food delivery services worldwide.

Strategic Vision for the Future

DoorDash CEO Tony Xu expressed his enthusiasm for the merger, highlighting the combined potential of the two companies. "Together, we will serve over 40 countries, reaching a combined population of more than 1 billion people," Xu stated. He emphasized the merger's role in empowering local businesses with advanced tools and technology, fostering innovation and excellence in service delivery.

Endorsement from Deliveroo

The Deliveroo Independent Committee, advised by Goldman Sachs, has deemed DoorDash's offer as "fair and reasonable." Deliveroo plans to recommend its shareholders to approve the deal, signaling strong confidence in the merger's benefits for all stakeholders involved.