DoorDash to buy UK’s Deliveroo for $3.86B

DoorDash's acquisition of Deliveroo marks a strategic expansion into new European markets for the U.S.-based food delivery company. DoorDash will pay Deliveroo shareholders 180 pence per share, offering a premium over Deliveroo's pre-offer price to secure the deal. The combined scale of both companies is expected to enhance competition with rivals like Just Eat Takeaway and Uber Eats in Europe. Deliveroo, once thriving during the post-pandemic surge but now grappling with shifting consumer behavior and capital constraints, has seen its shares decline significantly since listing. This merger underscores DoorDash's ambitious growth drive and strategic focus on emerging markets.