A New Era in Food Delivery

In a landmark deal that reshapes the global food delivery landscape, DoorDash Inc. has announced the acquisition of 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.

Uniting Strengths for Global Dominance

DoorDash CEO Tony Xu expressed his enthusiasm about the merger, highlighting the combined potential to serve over 1 billion people across more than 40 countries. "Together, we'll empower local businesses with cutting-edge technology and tools, leveraging DoorDash's operational excellence and Deliveroo's deep local insights," Xu stated.

Endorsement from Deliveroo

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