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Deliveroo agrees to £2.9 billion takeover by US rival DoorDash

 
Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the business £2.9 billion (US$3.9 billion). 
 
The combined company will have a presence in more than 40 countries serving about 50 million customers per month. 
 
The tie-up is also expected to provide fierce competition to rivals, Just Eat and Uber Eats in the UK.
 
The deal is the latest example of a UK-listed company being taken over by a US firm, fuelling further concerns over UK investment.
 


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