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DoorDash, an American food delivery company, will acquire its British competitor Deliveroo for £2.9 billion ($3.9 billion). The deal, valued at 180 pence per share, represents a 44% premium on Deliveroo's April 4th closing price. Deliveroo's board unanimously approved the offer, which DoorDash states is final unless a superior bid emerges. The acquisition combines DoorDash and Deliveroo's operations across 40+ countries, expanding their reach to over 1 billion people.

Prepared by Christopher Adams and reviewed by editorial team.