DoorDash Agrees to Buy Deliveroo in $3.9 Billion Deal
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DoorDash Inc. has agreed to buy UK-based food-delivery platform Deliveroo Plc for an equity value of about £2.9 billion ($3.9 billion), as the US company pushes into more overseas markets.
DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday, confirming the terms of an offer announced on April 25. That’s a 29% premium to Deliveroo’s closing share price on April 24. The deal is subject to regulatory and shareholder approval.