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DoorDash Announces Agreement to Acquire Deliveroo

1. DoorDash agrees to acquire Deliveroo for 180 pence per share. 2. This acquisition expands DoorDash's market presence and customer base.

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FAQ

Why Bullish?

Acquiring Deliveroo could enhance DASH's competitive edge and growth potential, similar to past expansions that drove stock prices significantly higher.

How important is it?

The acquisition signals strategic growth, likely positive investor sentiment, and confidence in DASH's operational expansion strategies.

Why Long Term?

The acquisition may take time for integration and market impact, as seen in similar deals that led to sustained growth over years.

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GRUBUBERDPZ
SAN FRANCISCO--(BUSINESS WIRE)--DoorDash, Inc. (NASDAQ: DASH), a leading local commerce platform globally, makes reference to the announcement that the board of directors of DoorDash, Inc. and the board of directors of Deliveroo plc have reached agreement on the terms of a recommended final1 cash acquisition of the entire issued and to be issued share capital of Deliveroo (the “Acquisition”). Under the terms of the Acquisition, Deliveroo Shareholders will be entitled to receive 180 pence in cas.

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