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DoorDash swallows Deliveroo for $3.9bn

Deliveroo riders in London (Source: Deliveroo)

US-based DoorDash has announced a definitive agreement to acquire British food delivery company Deliveroo for £2.9 billion ($3.9bn), with the all-cash transaction representing the American firm’s latest push for international expansion and underscoring the accelerating consolidation in the global food delivery industry.

In parallel, DoorDash is buying SevenRooms, a US restaurant reservations and hospitality technology company, for $1.2 billion and has continued its double-digit growth trend with Q1 revenues up 21% to $3 billion.

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