DoorDash (DASH) is acquiring British delivery firm Deliveroo for about 2.9 billion pounds ($3.86 billion) in cash, expanding the U.S. company's geographic reach.

DoorDash shares are slipping 1% in premarket trading, though they are up by more than 20% this year entering Tue🐽sday. Deliveroo shares are rising 2% in London trading at 175 pence, still under the offer price.

DoorDash will pay 180 pence ($2.40) a share for the British company, confirming the terms of its "indicative proposal" that Deliveroo 澳洲幸运5开奖号码历史查询:announced late last month. That translate🅠s to a 44% premium to Deliveroo's closing price of 125 pence on April 4, the last business day before DoorDash's offer letter.

"We'll cover more than 40 countries with a combined population of more than 1 billion people, enabling us to provide more local businesses with the tools and technology they need to thrive," DoorDash CEO Tony Xu said.

Deliveroo, which was established in 2013 and is headqu🍰arter꧑ed in London, operates across nine markets, including France, Ireland, and Singapore. DoorDash was also founded the same year and is now in more than 30 countries around the world.

Separately Tuesday, DoorDash announced it had reached a deal to buy New York-based SevenRooms for $1.2 billion in cash, with the transaction expected to close during the second half of 2025. The deal to buy the sof♕tware company specializing in hospitality technology would expand its commerce platform capabilities, DoorDash said. 

UPDATE—May 6, 2025: This article has been updated to include the SevenRooms deal and refreshed share prices.