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US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn
The Guardian· 2025-04-25 19:17
Core Viewpoint - DoorDash is proposing to acquire UK-based Deliveroo for $3.6 billion (£2.7 billion), with discussions ongoing between the two companies regarding the offer [1][2] Group 1: Company Profiles - DoorDash is the largest food delivery app in the United States, boasting 42 million monthly active users and generating $10.7 billion in revenue in 2024 [3] - Deliveroo, founded in 2013, is the second largest food delivery app in the UK, averaging 7.1 million active users and reporting £2.07 billion in revenue in 2024 [4] Group 2: Acquisition Details - Deliveroo's board is in discussions with DoorDash, and if a firm offer of £1.80 ($2.40) per share is made, Deliveroo would likely recommend it to shareholders [1] - DoorDash has until May 23 to submit a firm offer for Deliveroo, and shareholders are advised to take no action regarding the potential offer at this time [2] Group 3: Market Strategies - Both DoorDash and Deliveroo have been expanding their user bases by venturing into grocery deliveries and non-food deliveries [4] - DoorDash's CEO emphasized the need for the company to evolve beyond first-party delivery and ordering to become a digital powerhouse [5]