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DoorDash to buy UK’s Deliveroo for $3.86B, SevenRooms for $1.2B
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.85 billion).
Founded in 2013, Deliveroo went public in 2021, when the grocery and food delivery sector was riding high on post-pandemic tailwinds — people were still trying to stay home, work remotely, and so were ordering takeout more than they would have otherwise. It didn’t help that capital started growing scarce in 2022 as interest rates rose and venture investors held on to their checks as they sought more profitable investments. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books.
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