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DoorDash Announces Agreement to Acquire Deliveroo

1. DoorDash will acquire Deliveroo for a cash deal valued at 180 pence per share. 2. This acquisition strengthens DoorDash’s position in the local commerce market.

M&A
-9.02%Current Return
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-0.49%S&P 500
$205.405/06 03:04 AM EDTEvent Start
$186.86505/07 09:43 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of Deliveroo may increase market share and revenue potential for DASH, similar to Grubhub's past success in expanding market presence. Historical acquisitions in the food delivery sector have often resulted in increased stock valuation due to enhanced competitive positioning.

How important is it?

The acquisition directly impacts DoorDash's growth strategy and competitive landscape, making it highly relevant to DASH's stock performance.

Why Long Term?

The full benefits from the acquisition will likely manifest over several quarters as the integration is completed and synergies are realized, akin to past acquisitions like Uber's purchase of Postmates.

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GRUBUBER
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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