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DASH
CNBC
105 days

DoorDash to acquire British food delivery firm Deliveroo in $3.9 billion deal

1. DoorDash offers £2.9 billion to acquire Deliveroo. 2. The offer values Deliveroo at 180 pence per share. 3. The acquisition represents a 44% premium over Deliveroo's recent closing price. 4. Tony Xu, CEO of DoorDash, expressed excitement about the merger's potential. 5. Combined, they will cover over 40 countries with 1 billion population.

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$205.405/06 02:35 AM EDTEvent Start
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FAQ

Why Bullish?

The acquisition indicates strength in DoorDash's market position, potentially benefiting DASH.

How important is it?

The acquisition shows market consolidation, indicating growth opportunities for DASH.

Why Short Term?

Market reactions to acquisitions can significantly affect stock prices in the short term.

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