DoorDash, a US-based food delivery company, has agreed to purchase Deliveroo, a UK food delivery platform, for £2.9 billion (approximately $3.9 billion). This acquisition represents a 29% premium over Deliveroo's closing share price on April 24th.
DoorDash offered 180 pence in cash for each Deliveroo share, as confirmed in a statement released on Tuesday. This follows an initial offer announced on April 25th.
This acquisition positions DoorDash to expand its presence in international markets, targeting smaller competitors in the food delivery sector.
DoorDash Inc. has agreed to buy UK-based food-delivery platform Deliveroo Plc for an equity value of £2.9 billion ($3.9 billion), as the US company targets smaller providers in a push into more overseas markets.
DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday, confirming the terms of an offer announced on April 25. That’s a 29% premium to Deliveroo’s closing share price on April 24.
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