DoorDash falls after decision to buy Deliveroo
ReutersMay 6, 2025 9:40 AM
Shares of U.S. meal delivery platform DoorDash DASH.O fall nearly 1% to $203.50 in trading before the bell
DASH will buy Deliveroo ROO.L in a deal valuing the British rival at about 2.9 billion pounds ($3.86 billion)
The companies rekindled talks last month after DoorDash approached Deliveroo with a 180 pence per share proposal, which was confirmed on Tuesday as the final offer
The acquisition will help DoorDash grow its market share in Europe, competing against Just Eat and Uber Eats
As of last close, DASH was up nearly 22% YTD
($1 = 0.7514 pounds)
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