Doordash to buy UK Plavenoo for $ 3.86 billion

Doordash said on Tuesday that she had agreed to buy its opponent in the United Kingdom for about 2.9 billion pounds (about $ 3.29 billion), as the American Food Delivery Company seeks to expand in new markets.

The companies said that Doordash will pay the shareholders of 180 bens of the arrow, which represents a premium of 44 % on the last share price on April 4, when the American company approached its acquisition.

DooDash allows access to nine new markets in Europe, where Deliveroo operates mainly. Companies are also betting on the built -in scale that will help them compete better with their competitors such as Just Eat Eat and Uber Eats.

Doordash said it will work in 40 countries and serve a total of 50 million active users per month once the acquisition is closed.

Founded in 2013, Senderoo was made in 2021, when the grocery and food sector was running over post-commandments-people were still trying to stay at home, and work far, and they were also asking for food abroad more than they would have been getting. The startups are established in the delivery of food and groceries in large numbers and piles of investment capital.

But as long fears fade and people returned to shopping personally and going out to restaurants, cafes and emerging companies in delivering food and groceries, she suddenly found themselves struggling to adapt to the consumer behavior that quickly changing in a sudden crowded space. This did not help the capital in rare growth in 2022, when interest rates rose and adventure investors rose in their checks because they sought to obtain more profitable investments.

Since its list, Deliveroo shares have decreased by more than 50 % to April 4. She sold her business in Hong Kong to the delivery championQuoting intensive competition. She also left Australia in 2022, where she faced similar pressure to the competition.

Deliveroo has informed about 2 billion pounds and the value of the total treatment of 7.1 billion pounds in the year ending in December 2024.