DoorDash is on a $5 billion buying spree following earnings beat
Briefly

DoorDash is solidifying its position as a global leader in food delivery by acquiring Deliveroo and SevenRooms for a combined $5.1 billion. Deliveroo acquisition will expand DoorDash's reach to over 40 countries, diversifying its market presence beyond the US. The deals follow a successful quarterly performance and tap into a consolidating food delivery sector. The acquisition of SevenRooms enhances DoorDash's offerings, providing a restaurant reservation platform, and reinforcing its commitment to both consumers and merchants in the dining experience.
DoorDash's acquisitions signal its intention to dominate the global food-delivery market, aiming to enhance its market presence beyond the US with significant investments.
DoorDash Chief Financial Officer Ravi Inukonda emphasized, 'Our focus has always been build a great product, not just for consumers, but merchants as well as dashers and couriers.'
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