DoorDash to buy UK’s Deliveroo for $3.86B

Dordash said on Tuesday that he agreed to buy his rival in the UK for around £ 2.9 billion (about $ 3.29 billion), as the US food company tries to expand to new markets.

Dordash will pay the 180 -foal resulted shareholders per share, which represents a premium of 44% over the price of the latter 4th of April, when the US company approached its offer to buy, companies said.

The Doordhahu agreement would allow access to nine new markets in Europe, where Deliveroo operates primarily. The companies are betting that their combined scale would also help to better compete with rivals such as Just Eat Takeaway and Uber Eats.

Dordash said he would operate in 40 countries and serve a total of 50 million active users per month after the acquisition closed.

Founded in 2013, Deliveroo went public in 2021, when the food and food delivery sector drove high on flashes after pandemi-people still tried to stay at home, and ordered taking more than they would normally have. Startups for food and food delivery were founded in a crowd and attracting a bunch of risk capital.

But as Coidid fears that they faded and people personally returned to shopping and going out to restaurants and cafes, startups for food and foods are at once struggling to adapt to change the behavior of consumers in a suddenly full of space. It did not help that the capital began to grow in 2022, as interest rates rose, and the investors in the venture were staying on their checks because they sought more profitable investments.

Since its entry, Deliveroo’s shares have reduced more than 50% by April 4, this March, a company Sold his Hong Kong job to the delivery heroquoting intense competition. He also went to Australia in 2022, where he faced similar competitive pressures.

Deliveroo reported a revenue of about two billion pounds and a gross value of a transaction of £ 7.1 billion in the year that ended December 2024.