DoorDash Says Deliveroo Acquisition Creates ‘Global Leader in Local Commerce'

Core Insights - DoorDash has completed its acquisition of Deliveroo, enhancing its position in the local commerce sector [2][3] - The acquisition is expected to benefit businesses, consumers, and couriers by leveraging DoorDash's scale and resources [3][4] Company Overview - Deliveroo operates in nine countries, including the U.K., and partners with 176,000 restaurants and retailers, employing 130,000 riders [3] - DoorDash is active in 30 countries, indicating a significant global presence [4] Acquisition Details - The acquisition implies an enterprise value of Deliveroo at approximately £2.4 billion, with the transaction expected to close in the fourth quarter [5] - Deliveroo's CEO Will Shu will step down following the completion of the acquisition [6] Strategic Implications - The combination aims to enhance service delivery to consumers, merchants, and riders while maintaining Deliveroo's customer-centric approach [4][6] - DoorDash's CEO Tony Xu emphasized that the merger represents a new chapter, combining Deliveroo's strengths with DoorDash's global capabilities [4]