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DoorDash Completes Acquisition of Deliveroo

1. DoorDash agrees to acquire Deliveroo in a cash offer. 2. The deal is facilitated through a Court-sanctioned arrangement.

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$267.6410/02 06:48 AM EDTLatest Updated
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FAQ

Why Bullish?

Acquiring Deliveroo could enhance DASH’s market share and operational capabilities, akin to similar expansions in the past that positively impacted stock prices. Historical acquisitions like Grubhub by Just Eat Takeaway illustrate possible benefits.

How important is it?

The acquisition signifies a strategic expansion into global markets, potentially increasing DASH's growth trajectory and attracting more investors. The positive sentiment surrounding the strategic move can stimulate investor confidence.

Why Long Term?

The integration of Deliveroo will take time, impacting DASH's long-term strategic position and revenue potential. Past acquisitions typically show gradual market response post-integration phases.

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GRUBUBERLYFT
SAN FRANCISCO--(BUSINESS WIRE)--DoorDash, Inc. (NASDAQ: DASH) (“DoorDash”), a leading global local commerce platform, refers to the announcement that the boards of directors of DoorDash and Deliveroo plc (“Deliveroo”) agreed on the terms of a final cash offer for the entire issued and to-be-issued ordinary share capital of Deliveroo, as recommended by Deliveroo's Independent Committee. The acquisition was carried out by means of a Court-sanctioned scheme of arrangement under Part 26 of the UK C.

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