PREVIEW

Deliveroo Set to Be Acquired by US Firm DoorDash in £2.9bn Deal. Deliveroo has agreed to be acquired by US-based DoorDash in a £2.9bn deal, expanding both companies’ reach. The merger will create a global platform, with operations in more than 40 countries, serving 50 million customers each month. The deal is expected to intensify competition against rivals like Just Eat and Uber Eats in the UK. DoorDash is offering 180p per Deliveroo share, a 44% increase from when takeover talks were announced. This offer is significantly lower than Deliveroo’s original share price of 390p during its 2021 London Stock Exchange listing. Will Shu, Deliveroo’s CEO, called the merger “transformative” and expressed pride in the company’s standalone achievements. The acquisition, pending shareholder approval, will result in Shu receiving £172.4m for his 6.4% stake in Deliveroo. Deliveroo operates in nine countries with over 130,000 delivery riders, while DoorDash operates in 30+ countries, generating £8bn in sales in 2024. The acquisition raises concerns over the growing trend of UK-listed firms being taken over by US companies, impacting the London Stock Exchange. DoorDash’s purchase of Deliveroo could position the company as a dominant force in the UK’s food delivery market, competing head-to-head with Uber Eats.
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