DoorDash has announced its acquisition of Deliveroo for approximately £2.9 billion ($3.29 billion) to expand its market presence in Europe. The deal gives DoorDash access to nine additional markets and aims to enhance its competitiveness against other major food delivery services like Just Eat Takeaway and Uber Eats. Deliveroo, which faced challenges in adapting to post-pandemic consumer behavior and increased competition, had seen its shares decline over 50% since going public in 2021. The acquisition is part of DoorDash's strategy to capitalize on a larger user base, expected to reach 50 million monthly active users across 40 countries.
DoorDash's acquisition of Deliveroo is valued at £2.9 billion, aiming to enhance market reach in Europe against competitors like Just Eat Takeaway and Uber Eats.
The deal allows DoorDash to enter nine new European markets, significantly expanding its operational footprint to serve 50 million monthly active users.
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