DoorDash to acquire Deliveroo in £2.9bn deal

DoorDash is set to acquire UK food delivery firm Deliveroo in a £2.9 billion all-cash deal, the companies confirmed today (6 May 2025). The acquisition, which has been unanimously recommended by Deliveroo’s board, marks a major consolidation in the global food delivery market.

DoorDash is offering 180p per Deliveroo share, which marks a 44 percent increase on the UK company’s share price from the point when takeover talks were made public last month.

However, it is well below the 390p share price that Deliveroo first floated at when it launched on the London Stock Exchange in April 2021.

The deal will create a local commerce giant operating in over 40 countries and serving around 50 million monthly users. It brings DoorDash into nine new markets including the UK, France, Italy and Singapore, as part of a strategic push to scale its presence in Europe and Asia.

DoorDash CEO and Co-founder Tony Xu said:

Our mission at DoorDash is to grow and empower local economies. We started the company in 2013 to help people like my mom – people running local businesses and creating the vast majority of jobs and economic activity in our communities.”

Xu added:

Coming together with teams that have similar visions and values accelerates our work to achieve that mission. Deliveroo is just such a team and one that I have long admired.”

Deliveroo, founded in London in 2013, partners with 176,000 restaurants and retailers and works with more than 130,000 riders. In 2024, it generated £2.0 billion in revenue and served around 7 million active consumers each month.

“Transformative new chapter”

Deliveroo CEO Will Shu, who co-founded the company with childhood friend Greg Orlowski in 2013, called the acquisition “a transformative new chapter” and described DoorDash as “a great long-term partner” for the business.

He added:

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.”

Deliveroo Chair Claudia Arney added that the board’s decision was based on long-term strategic value:

Following careful consideration, the Deliveroo Independent Committee has unanimously decided to recommend this offer, considering it to be in the interests of all our shareholders and wider stakeholders.”

DoorDash, meanwhile, has seen strong global expansion in recent years, particularly following its 2022 acquisition of Wolt. The company now works with over 500,000 local businesses and serves more than 42 million monthly users worldwide.

Industry observers note that the two companies have highly complementary operations. Deliveroo is strong in densely populated urban centres, while DoorDash has proven effective across suburban and rural areas. The combined business will benefit from scale, shared technology and increased investment in innovation.

Delivering the best experience

DoorDash said it plans to continue investing in Deliveroo’s core markets and to apply its “best-in-class operating playbook” to accelerate growth. The combined company will now operate in over 40 countries, reaching a population of more than 1 billion people.

Xu concluded:

Together, we will work to deliver the best experience for all of our stakeholders, to grow the GDP of cities around the world, and to build the leading global platform for local commerce.”

Pending regulatory and shareholder approval, the acquisition is expected to be completed later this year.