DoorDash offers $3.6B for rival Deliveroo in bid to beef up Europe operations

Group 1 - Deliveroo received a proposal from DoorDash to acquire all its shares for £2.7 billion ($3.60 billion) [1] - DoorDash must make a firm offer by May 23 [1] - Deliveroo's shares have declined nearly 50% since their 2021 debut due to stagnating demand for online food delivery post-pandemic [1][5] Group 2 - Deliveroo exited the Hong Kong market, selling assets to Delivery Hero's foodpanda, as the operations were loss-making and accounted for about 5% of overall transactions [2] - Previous interest from DoorDash in acquiring Deliveroo was reported last year, but talks ended over valuation disagreements [2][3] - A potential deal would enhance DoorDash's presence in Europe, following its acquisition of Wolt Enterprises in 2021 for approximately $8 billion [4]