(Reuters) – DoorDash will buy British meal delivery firm Deliveroo for 2.9 billion pounds ($3.85 billion), the companies said on Tuesday, as a part of the U.S. online delivery platform’s plans to expand into international markets.
DoorDash, which had proposed to buy all of Deliveroo’s shares last month, will offer 180 pence per Deliveroo share and said that the financial terms of the deal were final and would not be increased.
Deliveroo, shares of which have struggled since their debut in 2021, said earlier that its board had reviewed DoorDash’s proposal for 180 pence per share and recommended it to shareholders.
($1 = 0.7526 pounds)
(Reporting by Anuja Bharat Mistry and Pushkala Aripaka in Bengaluru; Editing by Eileen Soreng)
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