(Reuters) - DoorDash ( DASH ) will buy British meal delivery firm Deliveroo ( DROOF ) 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 ( DASH ), which had proposed to buy all of Deliveroo's ( DROOF ) shares last month, will offer 180 pence per Deliveroo ( DROOF ) share and said that the financial terms of the deal were final and would not be increased.
Deliveroo ( DROOF ), shares of which have struggled since their debut in 2021, said earlier that its board had reviewed DoorDash's ( DASH ) proposal for 180 pence per share and recommended it to shareholders.
($1 = 0.7526 pounds)