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DoorDash to Buy Deliveroo for $5b to Take on Competition
The Straits Times
|May 07, 2025
US meal delivery firm DoorDash will buy British rival Deliveroo for £2.9 billion (S$5 billion), the companies said on May 6, as they look to expand their reach and take on competition.
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BENGALURU -
The companies rekindled talks in April after DoorDash approached Deliveroo with a 180 pence per share proposal, which was confirmed on May 6 as the final offer.
Previous negotiations had ended in disagreement over Deliveroo's valuation, Reuters reported in 2024.
DoorDash, which controls two-thirds of the restaurant delivery market in the US, will expand its reach to more than 40 countries with the acquisition, it said.
The two companies combined had a gross order value of about US$90 billion (S$116 billion) in 2024 and have a combined 50 million monthly active users.
Dit verhaal komt uit de May 07, 2025-editie van The Straits Times.
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