Business

DoorDash offers $3.6B for rival Deliveroo in bid to beef up Europe operations

April 25, 2025

British meal delivery company Deliveroo said on Friday it received a proposal from US peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion).

DoorDash will need to make a firm offer by May 23. The company did not immediately respond to a Reuters request for comment.

Deliveroo’s shares have weakened nearly 50% since their 2021 debut as demand for online food delivery stagnated after the pandemic and investors shifted toward more profitable companies.

DoorDash had shown interest in a takeover of Deliveroo last year. Christopher Sadowski

In March, Deliveroo announced its exit from Hong Kong, selling some assets to Delivery Hero’s foodpanda. The Hong Kong operations were loss-making and represented about 5% of the company’s overall transactions.

Last year, Reuters reported DoorDash had shown interest in a takeover of Deliveroo, but a source said talks ended after disagreements on valuation.

A delivery worker with a backpack of Deliveroo rides a bike. — Deliveroo’s shares have weakened nearly 50% since their 2021 debut. REUTERS

A deal between the two firms would help DoorDash solidify its footprint in Europe, after the meal delivery group’s 2021 purchase of Finland-based rival Wolt Enterprises in an all-stock deal valued at about $8 billion.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.