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Deliveroo And DoorDash Announce $3.9bn Deal
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Hospitality Ireland
US meal delivery firm DoorDash will buy British rival Deliveroo for £2.9 billion (€3.4 billion), the companies said on Tuesday, as they look to expand their reach and take on competition.
The companies rekindled talks last month after DoorDash approached Deliveroo with a 180 pence per share proposal, which was confirmed on Tuesday as the final offer, sending Deliveroo shares up about 2% to 175.6 pence per share.
Amazon, which has a 14.38% stake in Deliveroo, did not immediately respond to a Reuters request for comment.
ADVERTISEMENTIn 2024, Deliveroo and DoorDash had orders worth about a combined $90 billion (€79 billion), the companies said.
Will Shu, who co-founded Deliveroo in 2013 and leads the company, is set to receive about €172.4 million (€202.6 million) for his 6.4% stake.
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