Deliveroo has agreed to a £2.9 billion takeover by DoorDash, which will pay 180p per share in cash. This strategic acquisition aims to strengthen DoorDashâs position in global local commerce, enhancing service for businesses, consumers, and couriers. Deliveroo's CEO Will Shu expressed optimism about the merger, highlighting a transformative chapter ahead for both companies, with aligned visions. Additionally, DoorDash's CEO Tony Xu emphasized their heightened market reach, covering over 40 countries and a billion people, which will empower local businesses with better tools and technology.
The combination with Deliveroo will strengthen DoorDash's position as a leading global platform in local commerce, enabling the combined entity to better serve businesses, consumers and couriers.
We are now at the beginning of a transformative new chapter. DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values.
I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together.
We'll cover more than 40 countries with a combined population of more than one billion people, enabling us to provide more local businesses with the tools and technology they need to thrive.
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