Doordash said on Tuesday that it had agreed to buy Deliveroo, a British food delivery service, in a deal of around $ 3.9 billion, part of his efforts to expand overseas.
The agreement Doordash, the dominant food delivery app in the United States, would give a larger footprint in Europe and a presence in the middle, with millions of users in more than 40 countries.
The LeverOO agreement, which is located in London, around 2.9 billion British pounds, or around $ 3.9 billion, according to a submit With the London Stock Exchange.
Deliveroo serves nine countries, including France, Italy, Qatar, Singapore and the United Arab Emirates. It said in submitting that the acquisition would enable companies to invest in product and technology, and to strengthen the position of Deliveroo in the areas that had to strengthen it.
Deliveroo has had to deal with since the launch in 2013 drop No less than 30 percent in the first minutes of trade after they went public in 2021.
Doordash, located in San Francisco, Bought Wolt, a Finnish food delivery company that was around $ 8.1 billion active in 23 countries, mainly in Europe, in 2022.
Doordash said in the submission that the conditions of the takeover, which is subject to a shareholders votes and approval of the regulations, were definitively and would not be increased unless a third party took place with a rival bid. It said that the transaction would close in the fourth quarter of this year.
- Advertisement -
