DoorDash to buy British food delivery firm Deliveroo for $3.9 billion in overseas push

LONDON — British food delivery firm Deliveroo on Tuesday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion). Deliveroo shares jumped to a three-year high last week after the company confirmed it had received a takeover offer from DoorDash. The transaction values Deliveroo at £2.9 billion on a fully diluted basis, the company said. Shares of Deliveroo climbed nearly 2% on Monday following news of the deal. "I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together.