DoorDash plans $5B acquisition of Deliveroo, SevenRooms

DoorDash has announced a $3.9 billion acquisition of UK-based Deliveroo, expanding its international reach to nine new countries and strengthening its position as a leading global food delivery platform. The deal, valued at £2.9 billion, offers Deliveroo shareholders a premium on their shares and is expected to expand the combined group's monthly active users to approximately 50 million across more than 40 countries. Deliveroo CEO Will Shu highlighted the strategic alignment and shared values between the two companies, emphasizing their enhanced ability to invest in technology and improve services for consumers and merchants. The acquisition is part of broader consolidation trends in the food delivery sector, with Prosus also set to acquire Just Eat Takeaway. However, the merger still requires shareholder approval and regulatory clearances in the EU, UK, and Italy before it can be finalized. DoorDash executives expressed optimism about the transformative potential of the combined group to drive innovation and growth in local commerce globally.