In a statement issued on the London Stock Exchange (LSE) on May 6, Deliveroo announced that its board of directors has endorsed an offer from the US-based DoorDash. This proposal entitles Deliveroo shareholders to £1.80 for each share held.
Headquartered in San Francisco, DoorDash is a leading food delivery service operating across 30 countries worldwide. The merger is designed to enhance DoorDash’s position as a global commerce platform, aiming to serve approximately 50 million monthly active users combined.
However, the transaction requires approval from Deliveroo shareholders and regulatory bodies, with expectations that it will finalize before the conclusion of 2025.
DoorDash CEO and co-founder Tony Xu expressed admiration for Deliveroo, stating, “I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together.”
Xu elaborated, “We’ll cover more than 40 countries with a combined population of over 1 billion people, enabling us to provide local businesses with the tools and technology they need to thrive.”
He further emphasized, “The Enlarged Group will merge DoorDash’s strong operational framework with Deliveroo’s local expertise, driving innovation and execution to new heights.”
Will Shu, the CEO and co-founder of Deliveroo, remarked, “I’m very proud of everything we have achieved as a standalone business, but we are now at the beginning of a transformative new chapter.” He characterized DoorDash and Deliveroo as “like-minded organizations with a shared strategic vision and aligned values.”
Additionally, Shu emphasized, “Together, we will be better positioned to serve consumers, merchants, riders, and local communities, as the Enlarged Group will have the scale to invest in product, technology, and overall consumer value propositions.”
Furthermore, Deliveroo chair Claudia Arney noted that the offer was recommended to shareholders following thorough consideration of their best interests. She stated, “This offer will enable Deliveroo to build on its significant strategic and operational progress, strengthening its competitive advantage and fostering innovation.”
Arney also expressed optimism, “We are pleased that DoorDash is excited to invest in the business and shares our commitments to supporting the interests of riders, merchants, and consumers. Both companies are highly complementary, and I am confident that being part of the Enlarged Group will accelerate Deliveroo’s full potential.”
