According to Reuters, DoorDash has agreed to acquire British food delivery rival Deliveroo for approximately $3.9 billion in cash, aiming to strengthen its presence across Europe, Asia, and the Middle East. The offer, representing a 29% premium over Deliveroo’s prior share price, has been approved by Deliveroo’s board but still awaits shareholder approval—Amazon, its largest investor, has yet to signal support.
Deliveroo currently operates in 10 countries, with the majority of its business concentrated in the UK and Ireland. This move follows DoorDash’s $8.1 billion acquisition of Finnish delivery company Wolt in 2022, reflecting an aggressive international expansion strategy. If finalized, the acquisition would extend DoorDash’s global footprint to over 40 markets.
As consolidation continues in the food delivery space, companies should evaluate the antitrust and integration risks that accompany cross-border M&A. Outside Legal Counsel LLP offers strategic counsel on mergers, regulatory compliance, and corporate structuring. Contact us to ensure your transactions are executed with confidence.
This is not legal advice and is attorney advertising.
Disclaimer: Nothing on this website is or should be construed as legal advice. An attorney-client relationship does not exist with our firm unless a signed retainer agreement is executed, and we do not offer legal advice through this site or any of the content located on it. For legal advice for your particular circumstances, please contact us directly.
