Two local commerce platforms are combining as DoorDash has completed its acquisition of Deliveroo.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The completion of the deal follows its approval by a U.K. court, Doo ...

Group 1 - DoorDash plans to offer and sell $2 billion of convertible senior notes to enhance strategic flexibility, with proceeds aimed at funding convertible note hedge transactions and general corporate purposes, including potential acquisitions and share repurchases [1] - The company announced its intention to acquire hospitality tech company SevenRooms and local commerce platform provider Deliveroo, which will expand its commerce platform capabilities [2][4] - The acquisition of Deliveroo, which operates in over 30 countries and serves 42 million monthly active users, will strengthen DoorDash's position in global commerce and add local expertise to its operations [4][5] Group 2 - DoorDash aims to cover more than 40 countries with a combined population exceeding 1 billion, providing local businesses with essential tools and technology [5] - The company reported new quarterly records for total orders, marketplace gross order value, revenue, and GAAP net income in its first-quarter earnings results [5][6] - DoorDash is focused on expanding the quality and breadth of its product offerings and improving execution to drive long-term value for consumers, merchants, Dashers, and shareholders [6]