DoorDash has made a $3.6 billion offer to acquire its UK-based competitor, Deliveroo, as confirmed by Deliveroo on Friday. While the board of Deliveroo is currently in discussions with DoorDash regarding the offer, no formal offer has been presented yet. If DoorDash were to make a firm offer of £1.80 ($2.40) per share, Deliveroo stated that it would likely recommend this offer to its shareholders. However, Deliveroo emphasized that there is no guarantee of a firm offer being made and advised shareholders to refrain from taking any action at this time.

DoorDash, headquartered in San Francisco, is the leading food delivery app in the United States, boasting 42 million monthly active users and generating $10.7 billion in revenue in 2024. The company, founded in 2012, operates in over 25 countries and recently acquired the Finnish delivery firm Wolt for €7 billion. On the other hand, Deliveroo, founded in 2013 and based in London, is the second-largest food delivery app in the UK, with 7.1 million active users and £2.07 billion in revenue in 2024.

Both DoorDash and Deliveroo have been diversifying their services beyond food delivery, venturing into grocery deliveries and non-food items to expand their user base. DoorDash’s CEO, Tony Xu, highlighted the need for the company to evolve beyond its current focus on first-party delivery and ordering to become a true digital powerhouse. The deadline for DoorDash to provide a formal offer to Deliveroo is set for May 23, with the potential acquisition poised to reshape the food delivery landscape.