DoorDash has announced its acquisition of British food delivery service Deliveroo for £2.9 billion ($3.9 billion) in cash, enhancing its market presence in Europe, Asia, and the Middle East. The deal reflects DoorDash's strategy of expanding beyond its traditional markets in the U.S., Canada, and Australia, previously highlighted by their acquisition of Wolt Enterprises in 2022. CEO Tony Xu expressed excitement about the potential synergies between the two companies, which were both founded in 2013, to innovate in the delivery space leveraging emerging technology.
DoorDash's acquisition of Deliveroo for $3.9 billion marks a significant step in expanding its global footprint, solidifying its presence across Europe, Asia, and the Middle East.
The deal signifies DoorDashâs second major international acquisition, following the 2022 purchase of Wolt Enterprises, as it strengthens its market position in over 40 countries.
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