Today, DoorDash, Inc. announced that it has reached an agreement to acquire Deliveroo for £2.9 billion.
In 2024, the combined Gross Order Value of the two companies was roughly $90 billion.
According to the Acquisition terms, Deliveroo Shareholders are set to receive 180 pence in cash for each Deliveroo Share, which values the company at approximately £2.4 billion.
Tony Xu, CEO and Co-founder of DoorDash told investors: “Deliveroo is just such a team and one that I have long admired. Like DoorDash, Deliveroo is obsessively focused on their customers – consumers, merchants, and riders. They work day in and day out to improve their consumer value proposition, bring new services to local businesses, and offer flexibility and support to riders. These efforts and attention to detail from Will and the team have had a tremendous positive impact in the communities where Deliveroo operates.”
“We’ll cover more than 40 countries with a combined population of more than 1 billion people, enabling us to provide more local businesses with the tools and technology they need to thrive. The Enlarged Group will bring together DoorDash’s strong operating playbook with Deliveroo’s local expertise to invest in innovation and execution at an even higher level.”
Will Shu, CEO and Co-founder of Deliveroo, stated, “We are now at the beginning of a transformative new chapter. DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values. Together, we will be even better positioned to serve consumers, merchants, riders and local communities. The Enlarged Group will have the scale to invest in product, technology and the overall consumer value proposition.”
Today, DoorDash also announced that it has purchased SevenRooms, a New York hospitality management software company, for $1.2 billion in cash.
By CEO NA Editorial Staff
