Overview

• DoorDash has finalized the acquisition of UK-based Deliveroo for £2.9 billion, marking its first expansion into the European food delivery market.
• The deal offers Deliveroo shareholders 180 pence per share, a 44% premium over the stock's April 4 closing price of 125 pence.
• Deliveroo's board deemed the terms 'fair and reasonable' and recommended shareholder approval; shares rose 3.10% to 175.20 pence on the London Stock Exchange.
• The combined entity will serve approximately 50 million active users monthly across more than 40 countries, achieving a gross order value of $90 billion in 2024.
• Deliveroo operates in nine countries new to DoorDash, expanding the group's reach to markets with a combined population of over one billion people.