DoorDash has agreed to acquire British food delivery rival Deliveroo for £2.9 billion ($3.9 billion), marking a strategic move to enhance its international operations in Europe, Asia, and the Middle East. The deal will see DoorDash pay 180 pence ($2.40) per share, which is a 29% premium from Deliveroo's closing price before the announcement. This acquisition follows DoorDash's previous purchase of Wolt Enterprises in 2022, allowing it to operate in over 40 global markets. CEO Tony Xu expressed enthusiasm about the growth potential from the merger.
DoorDash's acquisition of Deliveroo for £2.9 billion marks a significant expansion into European and Middle Eastern markets, enhancing its global presence and growth.
DoorDash CEO Tony Xu expressed excitement about the potential accomplishments following the merger with Deliveroo, emphasizing the synergy of their joint operations.
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