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 for both companies.

Strategic Vision for a Combined Future

"The synergy between DoorDash and Deliveroo is undeniable," exclaimed DoorDash CEO Tony Xu. "Together, we're poised to serve over 40 countries, impacting more than 1 billion people. Our unified platform will empower local businesses with unparalleled technology and tools, driving innovation and operational excellence to new heights."

Deliveroo's Endorsement of the Deal

Deliveroo has established an Independent Committee to evaluate DoorDash's proposal. With Goldman Sachs advising, the committee has deemed the offer "fair and reasonable," urging shareholders to approve the acquisition. This endorsement underscores the strategic value and potential of the combined entities.