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DoorDash has agreed to buy UK food delivery company Deliveroo in a £2.9bn deal, marking the latest London-listed group to be taken over by a US rival.
San Francisco-based DoorDash said it would pay 180p a share for Deliveroo, which has struggled as a public company after listing in London four years ago.
In a statement on Tuesday, the companies said: “The combination with Deliveroo will strengthen DoorDash’s position as a leading global platform in local commerce, enabling the combined entity to better serve businesses, consumers and couriers.”
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