DoorDash to Acquire Deliveroo in $3.9 Billion Deal to Expand European Presence
U.S.-based food delivery company DoorDash is set to acquire British rival Deliveroo in a deal worth £2.9 billion ($3.9 billion), the companies announced on Tuesday, marking a major expansion move for DoorDash in Europe’s competitive food delivery market. The acquisition, priced at 180 pence per share, aims to strengthen DoorDash’s foothold in Europe, where it…