London – DORORASH, the ubiquitous application of food delivery of the United States, agreed to acquire British rival for 2.9 billion pounds ($ 3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East.
Dordash, based in San Francisco, will pay 180 pence ($ 2.40) for each delivery action, 29% more than the closing price on April 24, the day before the offer was announced, the companies said in a joint statement before the London Stock Exchange was opened by the negotiation on Tuesday.
The agreement is the second major international acquisition of Dordash in three years as the company expands from its traditional base in the United States, Canada and Australia. After the purchase of Deliveroo and the 2022 acquisition of Wolt Enterprises, based in Helsinki, Dordash will work in more than 40 markets worldwide.
“I could not be more excited about the perspective of what Dordash and Deliveroo can achieve together,” said the CEO of Dordash, Tony Xu, in the statement.
Both companies were founded in 2013, using emerging smartphone technology to link restaurants and their customers with a delivery passenger network.
Among Woo now operates in nine countries, including the United Kingdom and Ireland, which represented 59% of their business in 2023. He also does business in France, Italy, Belgium, Singapore, the United Arab Emirates, Kuwait and Qatar.
The acquisition occurs less than three months after the Technology Investment Company Prosus agreed to Buy based in Amsterdam. Just eat takeoway.com For 4,100 million euros ($ 4.29 billion), which increases its food delivery portfolio in Europe.
