Overview
- DoorDash will acquire UK-listed Deliveroo for £2.9 billion, offering 180 pence per share, a 44% premium over its pre-offer price.
- The combined entity will operate in more than 40 countries, serving 50 million monthly users, with a 2024 gross order value of $90 billion.
- Deliveroo's independent board committee unanimously recommended the deal, which awaits shareholder and regulatory sign-off later this year.
- Founder Will Shu, holding a 6.4% stake, stands to earn £172 million, while Deliveroo’s largest investor, Amazon, has yet to comment on the deal.
- The acquisition strengthens DoorDash’s competitive positioning in Europe, challenging rivals like Just Eat and Uber Eats in nine new markets.