Deliveroo has agreed to be acquired by its U.S. rival DoorDash in a deal valued at £2.9 billion.
Under the terms of the agreement, San Francisco-based DoorDash will pay 180p per share in cash for the London-listed food delivery company. The merger will create a combined business operating across 40 countries and processing around $90 billion (£67.7 billion) in orders annually.
In a joint statement, the companies said: “The combination with Deliveroo will strengthen DoorDash’s position as a leading global platform in local commerce, enabling the combined entity to better serve businesses, consumers and couriers.”
Deliveroo, founded in 2013 by CEO Will Shu, currently operates in nine countries and works with over 130,000 riders worldwide. The company reported sales of around £2 billion in 2024. “We are now at the beginning of a transformative new chapter,” Shu said.
DoorDash, also founded in 2013 by CEO Tony Xu, operates in more than 30 countries and completed over 2.5 billion orders in 2024, generating revenues of $10.7 billion (£8 billion).
The transaction is expected to close in the final quarter of 2025, subject to shareholder approval.
