Newscasts - DoorDash, UK's Deliveroo to combine in $3.9 billion deal

Just Eat Takeaway.com NV

06/05/2025 09:54

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Source: 'Reuters - Business videos'

Description: U.S. meal delivery firm DoorDash will buy British rival Deliveroo for $3.85 billion, the companies said on Tuesday (May 6), as they look to expand their reach and take on competition. Francis Maguire reports.

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Video Transcript:

US meal delivery firm DoorDash will buy British rival Deliveroo for $3.85 billion. The companies made the announcement Tuesday. Both firms aim to expand their reach and take on competition. They restarted talks last month after DoorDash approached Deliveroo with a 180-pence per share proposal. Previous negotiations had ended in disagreements over Deliveroo's valuation. The acquisition will help DoorDash grow its market share in Europe and compete against Just Eat and Uber Eats. Britain and Ireland are Deliveroo's largest market and made up for 62% of the value of the orders in its latest quarter. Its other large markets include France and Italy. The firms said they each had orders worth about a combined $90 billion last year. A source said the deal isn't expected to face regulatory hurdles as DoorDash has virtually no presence in Deliveroo's 10 markets.