U.S. delivery giant DoorDash acquires Deliveroo for £2.9 billion

Published: 2025-05-06 19:34:17 ET DASH

Published on 05/06/2025 at 19:34

American meal delivery service DoorDash has announced its intention to acquire British rival Deliveroo for 2.9 billion pounds (about 3.4 billion euros). The two companies have already reached an agreement at board level. The takeover price is 44 percent above Deliveroo's share price on April 4, the day before negotiations began.

Deliveroo went public in 2021. After a brief rebound, the share price fell in 2022 and eventually stabilized at about half of the original issue price of 3.4 euros per share. Shortly before the acquisition, the share price rose slightly again.

Deliveroo was founded in London in 2013 and currently still operates in the United Kingdom, France, Belgium, Ireland, Italy, Singapore, Kuwait, Qatar and the United Arab Emirates, among others. In 2019, the company pulled out of Germany after competitor Lieferando acquired several players there. Since then, exits from Taiwan, Spain, the Netherlands, Australia and Hong Kong also followed.

Co-founder Will Shu stressed when announcing the acquisition that he was proud of what the company has achieved, and sees in DoorDash a partner that shares the same values and ambitions.

DoorDash currently operates primarily in the U.S., Canada, Australia and New Zealand. As there is hardly any overlap with Deliveroo's markets, it does not expect any problems with competition authorities.

In 2021, DoorDash already acquired Finland's Wolt, which focuses primarily on expansion in Central Europe and has also been operating in Germany since 2020. The acquisition of Deliveroo fits into the broader trend in which players in the delivery sector are increasingly seeking scale.