DoorDash agrees to acquire UK rival Deliveroo for $3.9 billion

DoorDash agrees to acquire UK rival Deliveroo for $3.9 billion

U.S. food delivery app DoorDash has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash

DoorDash Agrees to Buy Deliveroo in $3.9 Billion Deal

The acquisition would give DoorDash a presence in the Middle East and expand its footprint in Europe.

Deliveroo agrees to £2.9bn takeover by DoorDash

The deal is the latest example of a UK-listed company being taken over by a US rival.

Deliveroo set to be sold to US rival DoorDash in £2.9bn takeover

The combined company will have a presence in 40 countries

Deliveroo to be sold to DoorDash for £2.9bn

Shareholders will have to approve the deal, which is expected to complete later this year, but it is unclear whether the Deliveroo brand name will survive the sale.

Deliveroo agrees £2.9bn takeover by US rival DoorDash

Co-founder and CEO Will Shu in line for a £172m payout and staff will receive £65m from dealBusiness live – latest updatesFood delivery company Deliveroo has agreed a £2.9bn takeover by US rival DoorDash that will result in a £65m payday for its staff.The London-based delivery company, which was founded in 2013 by Will Shu and Greg Orlowski, received an offer worth 180p a share last month and on Tuesday its board recommended the deal to sharehol…