DoorDash to buy Deliveroo for $3.9 billion

The two combined for $90 billion worth of orders in 2024.

Transcript

00:00DoorDash has made a big acquisition in hopes of expanding its presence in Europe.

00:04The delivery company has purchased its British rival Deliveroo for $3.9 billion.

00:09DoorDash will now compete with Uber Eats and Just Eat as it tries to grow in the region.

00:13Of the sale, Deliveroo's chair said,

00:15Following careful consideration, the Deliveroo Independent Committee has unanimously decided to recommend this offer,

00:21considering it to be in the interests of all of our shareholders and wider stakeholders.

00:25Deliveroo was founded in 2013 and currently sees 62% of sales come from Britain and Ireland.

00:31It also has significant customer bases in France and Italy.

00:34DoorDash and Deliveroo combined saw $90 billion worth of orders in 2024.

00:39DoorDash has been busy with its expansion.

00:41In addition to its Deliveroo acquisition,

00:43it also announced a $1.2 billion acquisition of restaurant booking platform Seven Rooms.

00:49That'll do it for your daily briefing.

00:50From New York City, I'm Kelsey Barbario with The Street.