DoorDash to buy UK's Deliveroo for $3.86B

DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.29 billion), as the U.S. food delivery company seeks to expand into new markets. DoorDash will pay Deliveroo shareholders 180 pence per share, which represents a premium of 44% over the latter's share price on 4 April, when the U.S. firm approached with its acquisition offer, the companies said. The deal would give DoorDash access to nine new markets in Europe, where Deliveroo operates in primarily. The ...