The two combined for $90 billion worth of orders in 2024.
Transcript:
DoorDash has made a big acquisition in hopes of expanding its presence in Europe. The delivery company has purchased its British rival Deliveroo for $3.9 billion. DoorDash will now compete with Uber Eats and Just Eat as it tries to grow in the region.
Of the sale, Deliveroo’s Chair said, “Following careful consideration, the Deliveroo Independent Committee has unanimously decided to recommend this offer, considering it to be in the interests of all our shareholders and wider stakeholders.”
Deliveroo was founded in 2013, and currently sees 62% of sales come from Britain and Ireland. It also has significant customer bases in France and Italy.
DoorDash and Deliveroo combined saw $90 billion worth of orders in 2024.
DoorDash has been busy with its expansion. In addition to its Deliveroo acquisition — it also announced a $1.2 billion acquisition of restaurant booking platform SevenRooms.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#doordash #deliveroo #delivery
source
