Historic Merger in the Food Delivery Industry

In a landmark agreement, DoorDash Inc. has announced its acquisition of Deliveroo Inc. for a staggering £2.9 billion, marking a significant consolidation in the global food delivery sector. The all-cash deal, priced at 180 pence per share, promises to reshape the landscape of food delivery services across more than 40 countries.

A Vision for the Future

"The combination of DoorDash and Deliveroo is a game-changer for the industry," stated Tony Xu, CEO of DoorDash. "Together, we will serve a combined population of over 1 billion people, offering unparalleled support to local businesses through innovative technology and execution." This merger is poised to leverage DoorDash's operational strengths with Deliveroo's deep local market insights.

Endorsement from Deliveroo

The Deliveroo Independent Committee, advised by Goldman Sachs, has deemed the offer "fair and reasonable." Deliveroo plans to recommend its shareholders approve the deal, signaling strong confidence in the merger's potential to drive growth and innovation in the food delivery ecosystem.