The planned $3.9 billion takeover of Deliveroo by US meal delivery firm DoorDash will be reviewed under the European Union’s simplified merger procedure, EU Commission documents showed today.
The food delivery app companies reached a deal valuing Deliveroo at about £2.9 billion in May.
The fact that the EU regulator is reviewing the merger under its simplified procedure usually means it does not see any competition concerns and that approval is probable.
Deliveroo’s shares have weakened significantly since its 2021 debut as demand for online food delivery stagnated after the Covid pandemic.
Reporting by Reuters
