DoorDash is said to have held takeover talks with Deliveroo last year

Mar. 06, 2022 9:04 AM ETDoorDash, Inc. (DASH), DROOFBy: Joshua Fineman, SA News Editor8 Comments

Deliveroo Shares Slump After Debut On London Stock Exchange

Dan Kitwood/Getty Images News

DoorDash (NYSE:DASH) is said to have held talks about a potential takeover of Deliveroo (OTCPK:DROOF) last summer, though a deal never came to fruition, according to a Sunday Times report.

A combination would have created a food-delivery firm with 4 billion pounds ($5.2B) in sales, according to the paper. DoorDash has a market cap of $31B.

DoorDash (DASH) instead in November agreed to acquire Helsinki-based food-delivery startup Wolt in an all-stock deal worth approximately $8.1B

DoorDash (DASH) reportedly held talks to purchase Instacart (ICART) last summer that may have valued the grocery delivery company at $40B to $50B, The Information reported in August.

Deliveroo (OTCPK:DROOF) went public last March in London and its share have tumbled more than 70% sine then. DoorDash went public in December 2020 at a price of $102/share and its stock has dropped 12% since the IPO.

DoorDash (DASH) last month launched express grocery delivery in partnership with Albertsons Companies (NYSE:ACI) to deliver fresh groceries in under 30 minutes, .

DoorDash last week said it agreed to acquire hospitality technology startup Bbot.

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.