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Date: 06-may-2025 | By: Nuztrend Team
In a major consolidation move within the global food delivery sector, London-based Deliveroo has agreed to a £2.9 billion ($3.85 billion) takeover by U.S. rival DoorDash. The acquisition will expand DoorDash’s presence across Europe while ending Deliveroo’s turbulent tenure as a publicly traded company.
The proposed acquisition values Deliveroo at 180 pence per share in cash—representing a 44% premium over its pre-deal stock price. Deliveroo's board of directors has unanimously backed the deal, which is now pending shareholder and regulatory approvals. The transaction is expected to close by the end of 2025.
Reuters reports that DoorDash aims to build a combined entity capable of processing more than $90 billion in food and grocery delivery orders annually across 40+ countries.
Deliveroo co-founder and CEO Will Shu, who holds a 6.4% stake in the company, stands to receive approximately £172 million from the sale. Employees of Deliveroo are also expected to benefit from the acquisition, with up to £65 million in equity payouts projected.
This move marks DoorDash’s largest acquisition to date and its most aggressive expansion into European markets, where Deliveroo operates in key countries including the UK, France, Italy, and the UAE. The company said it intends to preserve Deliveroo’s brand while integrating back-end logistics and scaling operations globally.
“We believe this combination will help us better serve merchants, consumers, and dashers alike,” DoorDash CEO Tony Xu said in a joint statement.
Deliveroo went public in 2021 in one of the UK’s most hyped tech IPOs, but its shares never fully recovered from a rocky debut. Facing intense competition and thin margins, the company struggled to reach profitability. Analysts view the DoorDash buyout as a win for shareholders and a strategic lifeline for Deliveroo's long-term viability.
Following the announcement, Deliveroo shares surged by more than 40% in early trading. Analysts praised the deal for its synergies but cautioned that regulatory scrutiny could delay completion given the increasing focus on antitrust in tech and gig economy mergers.
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