DeliveroOO’s contestant near Victoria Station in London, England, on March 31, 2021.
Dan Kyudod Gety pictures
London – British Food Delivery Company delivery She said on Tuesday that she had agreed to an acquisition of its American opponent Doordash, which estimates the company at 2.9 billion pounds ($ 3.9 billion).
Deliveroo, who allows users to request meals and a hot scaffold through an application, said that its board of directors approved an offer from Doordash to obtain all the shares issued and issue them in the company for 180 BN.
This is a 44 % bonus on the closing price on April 44, the last working day before the first offer of Doordash. Deliveroo shares jumped to Three years height Last week, after the company confirmed that it had received an offer to acquire from Doordash.
The company said that the values of transactions were received at 2.9 billion pounds on a completely reduced basis. Deliveroo shares rose nearly 2 % on Monday after the deal news.
Douordsh said that the financial conditions for the acquisition were final and will not be increased unless a third party was taken with a competitor’s offer.
“I cannot be more enthusiastic than the possibility of what DOORDASH and Deliveroo will be able to accomplish it together. We will cover more than 40 countries with a population of more than a billion people, enabling us to provide more local companies with the tools and technology they need to prosper,” said Tony Show, CEO and co -founder of Doordash.
International expansion
The acquisition deal is an end to the loud delivery ride as a public company.
Once it was considered as a British technical chest, the handover of a 30 % shares in the year 2021 witnessed one of the worst trading appearance on the London Stock Exchange. The shares continued to decrease from that point and more than 50 % of the price of the public subscription decreased by 3.90 pounds.
Secretoo was made to the public at a time when the UK was still feeling the effects of Covid-19s, which strengthened the fortunes of many food delivery platforms. Investors asked about the sustainability of this growth in the post -government world, and witnessed intense competition in the market and the legal challenges of the large economy model as the main risk of delivery.
For Doordash, getting Deliveroo is a renewed effort from the American Online application to get on the Internet to expand its presence abroad. Doordash acquired the Wolt Finnish Delivery Wolt application for 7 billion euros ($ 7.9 billion) in 2022.
Doordash shares decreased about 1 % in the pre -market trade.
On a wider scale, the food delivery sector is undergoing unification for several years until now. Earlier this year, Deliveroo Selling parts From its unit in Hong Kong to the delivery champion, while Only the East He agreed to obtain it By the PROSUS Investment Group.
https://image.cnbcfm.com/api/v1/image/106950040-1633001289731-gettyimages-1310118183-0g1a6797_2021033143840095.jpeg?v=1746512351&w=1920&h=1080
Source link