DoorDash and Deliveroo Join Forces in a Landmark Deal

In a move that reshapes the global food delivery landscape, DoorDash Inc. has agreed to acquire Deliveroo Inc. for a staggering £2.9 billion. This all-cash transaction, valued at 180 pence per share, marks a significant milestone for both companies.

Uniting for Greater Impact

DoorDash CEO Tony Xu expressed his enthusiasm about the merger, highlighting the combined potential to serve over 40 countries and a population exceeding 1 billion. "Together, we'll empower local businesses with unparalleled tools and technology," Xu stated, emphasizing the synergy between DoorDash's operational excellence and Deliveroo's local market expertise.

Deliveroo's Endorsement

The Deliveroo Independent Committee, advised by Goldman Sachs, has deemed the offer "fair and reasonable." The committee plans to recommend that shareholders approve the deal, signaling strong confidence in the merger's benefits.