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DoorDash is acquiring its UK rival Deliveroo for approximately $3.29 billion, gaining access to nine new European markets. The deal offers a 44% premium over Deliveroo's April 4th share price and combines their user bases, reaching 50 million monthly active users across 40 countries. This acquisition comes as Deliveroo faced declining share prices and increased competition in a post-pandemic market shift.

Prepared by Christopher Adams and reviewed by editorial team.