Deliveroo agrees £2.9bn takeover by US rival DoorDash

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Food delivery giant Deliveroo has agreed to a takeover by its US rival DoorDash in a deal worth around £2.9 billion.

San Francisco-based DoorDash will pay 180p a share in cash for London-listed Deliveroo in a move set to create a combined firm with a presence across 40 countries and handling about 90 billion US dollars (£67.7 billion) of orders each year.

The firms said: “The combination with Deliveroo will strengthen DoorDash’s position as a leading global platform in local commerce, enabling the combined entity to better serve businesses, consumers and couriers.”

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