DoorDash has announced a $3.9 billion cash acquisition of UK-based food delivery firm Deliveroo, marking a significant step in its international growth. The US company will pay 180 pence per share—a 29% premium over Deliveroo’s last closing price. This is DoorDash’s second major global expansion in three years, extending its presence into Europe, Asia, and West Asia. CEO Tony Xu expressed strong optimism about the combined potential of the two platforms.
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