DoorDash has announced a definitive agreement with Deliveroo plc’s board of directors to acquire the entire issued and to-be-issued share capital of Deliveroo in a recommended all-cash transaction.
Under the terms of the deal, Deliveroo shareholders will receive 180 pence in cash per share. This offer values Deliveroo at approximately £2.9 billion, reflecting a 44% premium over its share price of 125 pence on April 4, 2025 — the last trading day before DoorDash issued its proposal.
The offer also represents a 29% premium over Deliveroo’s closing price of 140 pence on April 24, 2025, the day before the official offer period began, and a 40% premium to the three-month volume-weighted average price of 129 pence.
Tony Xu, CEO and co-founder of DoorDash, said: “I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together. We’ll cover more than 40 countries with a combined population of more than 1 billion people, enabling us to provide more local businesses with the tools and technology. The Enlarged Group will also bring together DoorDash’s strong operating playbook with Deliveroo’s local expertise to invest in innovation and execution at an even higher level. Together, we will work to deliver the best experience for all of our stakeholders, and to build the leading global platform for local commerce.”
The acquisition implies an enterprise value of approximately £2.4 billion for Deliveroo.
“We are now at the beginning of a transformative new chapter. DoorDash and Deliveroo are like-minded organisations with a shared strategic vision and aligned values. Together, we will be even better positioned to serve consumers, merchants, riders and local communities. The Enlarged Group will have the scale to invest in product, technology and the overall consumer value proposition, ” said Will Shu, CEO and co-founder of Deliveroo.