News Summary

DoorDash, the largest food delivery app in the United States, has proposed a $3.6 billion acquisition of Deliveroo, the UK’s second largest food delivery platform. This move signifies DoorDash’s continued effort to expand its global footprint by acquiring overseas competitors. Deliveroo confirmed it received the proposal and is currently in discussions with DoorDash, although no firm offer has been made yet. The proposed acquisition follows DoorDash’s previous expansion strategy, which included the acquisition of Finnish delivery company Wolt in 2021. Both companies have been diversifying their services into grocery and non-food deliveries. Deliveroo has been given until May 23 to make a firm offer.