DoorDash, which controls two-thirds of the restaurant delivery market in the US, will expand its reach to more than 40 countries with the acquisition, it said. The two companies combined had a gross order value of about $90 billion last year and have 50 million monthly active users.
DoorDash Inc. reached an agreement to buy the UK-based food-delivery platform Deliveroo Plc for about £2.9 billion ($4.99 billion), as the US company pushes into more overseas markets.
DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday, confirming the terms of an offer announced on April 25. That’s a 29% premium to Deliveroo’s closing share price the day before. Deliveroo’s board has agreed to the terms, which is subject to regulatory and shareholder approval.
