Doordash for the purchase of the UK competitor Deliveroo for $ 3.9 billion

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Doordash will buy The companies announced on Tuesday after the resumption of negotiations last month.

Deliveroo has been contacted by DOORDASH by offering 180 bens for the share, which was confirmed as the final offer, which enhances Deliveroo by about 2 % to 175.6 bens per share.

The previous talks had stopped on disputes over the Deliveroo evaluation.

Douordsh said he would not make a better offer that did not show a third party with competitive attempts.

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Doordash

Doordash will buy its British opponent Deliveroo for $ 3.85 billion after the resumption of negotiations last month. (Michael Nagle / Bloomberg via Getty Images / Getty Images)

The acquisition will help Doordash to develop Market share in Europe It also competes against Uber eating and eating only. The largest Deliveroo market is Britain and Ireland, which represents 62 % of the value of its orders in the last quarter.

Deliveroo shares have been struggled since their first-time appearance in 2021, when they were sold at 390 Penes while meal delivery services were strengthened by the Covid-19s. After that, the company saw that its shares decreased by up to 30 % shortly after the start of its circulation, which represents one of the worst commercial appearances on the London Stock Exchange, and its shares have since continued to decline.

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Delivery of the contestant delivery

The previous talks had stopped on disputes over the Deliveroo evaluation. (Reuters photos / Reuters)

“After a careful study, the Independent Committee in Dollo unanimously decided to recommend this offer, bearing in mind that it is in the interest of all our shareholders and the wider interest,” Claudia Arney, president of the company, said in a statement.

Esao said that she received pledges with the support of investors who hold about 15.4 % of shares, including from the founder and CEO Will Show, Greenoaks and DST Global.

Amazon, the largest investor at Deliverooo with a 14.38 % stake in the company, was absent from the list.

A person to connect Doordash in a black coat look at the application of the bike

The DOORDASH acquisition will help develop its market share in Europe, as it competes against Uber Ingos and eating only. (Reuters photos / Carlo Alegre / Reuters)

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SHU, who participated in the establishment of Deliveroo in 2013 and the company’s head, is scheduled to get about $ 229.7 million for 6.4 %.

Last year, Doordash and Deliveroo had orders to be valued at 90 billion dollars combinedAccording to companies.

Reuters contributed to this report.



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