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DoorDash Finalizes £2.9 Billion Acquisition of Deliveroo

The deal, recommended by Deliveroo's board, positions DoorDash for significant expansion into Europe and creates a combined group with £10 billion in annual orders.

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Overview

  • DoorDash's 180p-per-share offer values Deliveroo at £2.9 billion, a 44% premium over its April 4 share price.
  • Deliveroo's independent board has unanimously recommended the deal, with completion expected by late 2025 pending shareholder and regulatory approvals.
  • The acquisition expands DoorDash's reach into nine European markets, bringing its total presence to over 40 countries worldwide.
  • The combined entity will handle approximately £10 billion in annual orders, leveraging shared technology and operational synergies.
  • Deliveroo founder Will Shu is set to receive over £170 million from the sale and will aid in the post-acquisition transition.