DoorDash and Deliveroo Announce Groundbreaking Acquisition

In a landmark deal 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, priced at 180 pence per share, marks a significant milestone in the industry.

A Vision for the Future

DoorDash CEO Tony Xu expressed his enthusiasm for the merger, stating, "I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together." The combined entity will operate in over 40 countries, serving a combined population of more than 1 billion people. Xu highlighted the potential to empower local businesses with advanced tools and technology, leveraging DoorDash's operational strengths and Deliveroo's local market insights.

Recommendation from Deliveroo

Deliveroo has formed an Independent Committee to evaluate the offer. With advice from Goldman Sachs, the committee deemed the proposal "fair and reasonable" and plans to recommend that shareholders approve the deal.