From Morningstar: 2025-05-06 10:50:00

Deliveroo has agreed to a £2.9 billion takeover by US company DoorDash, just four years after its lackluster public listing. Deliveroo listed in 2021 with a market cap of £7.59 billion, but controversies and market conditions caused its shares to plummet. DoorDash will pay 180 pence per share in cash for Deliveroo.

The acquisition will give DoorDash access to nine new markets and around 7 million monthly active users. DoorDash also agreed to a $1.2 billion deal for SevenRooms. DoorDash reported Q1 2025 revenue of USD 3 billion, up from USD 2.5 billion in Q1 2024, with net income of USD 193 million. Prosus recently acquired Just Eat Takeaway for EUR 4.1 billion.



Read more at Morningstar: Deliveroo Taken Over, Four Years After Hyped London IPO