DoorDash completes $3.7B Deliveroo cash acquisition

DoorDash, Inc. has completed its previously announced acquisition of Deliveroo plc on October 2, 2025 through a court‑sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006.

Rhea-AI Filing Summary

DoorDash, Inc. has completed its previously announced acquisition of Deliveroo plc on October 2, 2025 through a court‑sanctioned scheme of arrangement under Part 26 of the UK Companies Act 2006.

Under the agreed terms, eligible Deliveroo shareholders are entitled to receive 180 pence in cash per Deliveroo share. The aggregate cash consideration at closing is approximately $3.7 billion, reflecting about £2.8 billion in total cash consideration, expressed in U.S. dollars using an exchange rate of 1.34892 GBP to 1.00 USD.

The company had previously deposited cash in escrow to meet funding‑certainty requirements under the UK Takeover Code, and those funds will be released and converted from USD to GBP pursuant to a deal‑contingent foreign exchange forward entered into at the time of the original Rule 2.7 announcement. Trading in Deliveroo shares on the London Stock Exchange was suspended at 7:30 A.M. BST on October 2, 2025 and is expected to permanently halt at 8:00 A.M. BST on October 3, 2025.

Positive

• Completion of Deliveroo acquisition: DoorDash closed its previously announced acquisition of Deliveroo plc for approximately $3.7 billion (about £2.8 billion) in cash, marking a major executed transaction.
• Pre‑arranged funding and FX management: DoorDash satisfied UK Takeover Code funding‑certainty requirements by placing cash in escrow and using a deal‑contingent FX forward at an exchange rate of 1.34892 GBP to 1.00 USD.

Negative

• None.

Insights

M&A and corporate finance analyst

DoorDash closes a multi‑billion‑dollar cash acquisition of Deliveroo, crystallizing a major strategic transaction.

DoorDash has finalized the acquisition of Deliveroo via a UK court‑sanctioned scheme of arrangement, paying eligible Deliveroo shareholders 180 pence per share. The deal size is substantial, with aggregate cash consideration of about $3.7 billion (approximately £2.8 billion), making it a major corporate transaction.

Funding certainty was structured through escrow and a deal‑contingent FX forward, using an exchange rate of 1.34892 GBP to 1.00 USD. This indicates pre‑planned management of currency risk around closing, as the consideration is paid in Pounds Sterling while amounts are expressed in U.S. dollars.

Trading in Deliveroo shares on the London Stock Exchange was suspended at 7:30 A.M. BST on October 2, 2025 and is expected to permanently halt at 8:00 A.M. BST on October 3, 2025, marking Deliveroo’s transition into DoorDash’s ownership structure. Future disclosures in company filings may provide more detail on post‑closing integration and financial effects.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

What major transaction did DoorDash (DASH) complete involving Deliveroo?

DoorDash completed its acquisition of Deliveroo plc. On October 2, 2025 DoorDash closed a court‑sanctioned scheme of arrangement, acquiring Deliveroo and paying eligible Deliveroo shareholders cash for their shares under previously agreed terms.

How much is DoorDash paying to acquire Deliveroo in total value?

DoorDash is paying about $3.7 billion in cash. The aggregate consideration is approximately £2.8 billion, expressed as around $3.7 billion using an exchange rate of 1.34892 GBP to 1.00 USD disclosed in the transaction terms.

What will Deliveroo shareholders receive from DoorDash for each share?

Deliveroo shareholders are entitled to 180 pence in cash per share. Under the agreed scheme of arrangement, each eligible Deliveroo share is converted into a right to receive 180 pence, funded by DoorDash’s cash consideration at closing.

How did DoorDash manage funding and currency for the Deliveroo acquisition?

DoorDash pre‑funded the deal in escrow and hedged FX risk. It deposited cash in escrow to meet certainty‑of‑funding requirements and used a deal‑contingent foreign exchange forward to convert USD to GBP at a 1.34892 GBP to 1.00 USD rate.

What happens to Deliveroo shares on the London Stock Exchange after the DoorDash deal?

Deliveroo shares are being suspended and then halted from trading. Trading was suspended at 7:30 A.M. BST on October 2, 2025 and is expected to permanently halt at 8:00 A.M. BST on October 3, 2025 following completion of the transaction.

Under what legal structure was DoorDash’s acquisition of Deliveroo carried out?

The acquisition used a UK court‑sanctioned scheme of arrangement. It was implemented under Part 26 of the UK Companies Act 2006, following a Rule 2.7 announcement under the UK City Code on Takeovers and Mergers earlier in 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/02/2025 - 06:01 AM Learn about SEC filing dates

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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 2, 2025

DOORDASH, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-39759	46-2852392
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

303 2nd Street, South Tower, 8th Floor

San Francisco, California 94107

(Address of principal executive offices) (Zip Code)

(650) 487-3970

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value of $0.00001 per share	DASH	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On October 2, 2025, DoorDash, Inc. (“DoorDash” or the “Company”) completed its previously announced acquisition (the “Transaction”) of Deliveroo plc, a company incorporated in England and Wales (“Deliveroo”). The Transaction was effected by means of a court-sanctioned scheme of arrangement under Part 26 of the United Kingdom Companies Act 2006, as amended.

On May 6, 2025, the Company issued an announcement (the “Rule 2.7 Announcement”) pursuant to Rule 2.7 of the UK City Code on Takeovers and Mergers (the “Code”), disclosing that the board of directors of the Company and the board of directors of Deliveroo had reached agreement on the terms of the Transaction. Under the terms of the Transaction, eligible Deliveroo shareholders were entitled to receive 180 pence in cash for each Deliveroo share held.

The aggregate cash consideration due at closing of the Transaction is approximately $3.7 billion (being the Pounds Sterling (“GBP”) amount of cash consideration of approximately £2.8 billion in respect of all of the Deliveroo shares). Payments will be made in GBP but are expressed in United States Dollars (“USD”) based on an exchange rate of 1.34892 GBP to 1.00 USD.

The Company previously deposited in escrow an amount in cash in order to fund the cash consideration payable by the Company in connection with the Transaction and to satisfy certain requirements pursuant to the Code to evidence certainty of funding for the Transaction. In connection with the closing of the Transaction, such amounts will be released from escrow and the amount required in connection with the Transaction will be converted from USD into GBP at the exchange rate specified above pursuant to a deal-contingent foreign exchange forward transaction previously entered into by the Company at the time of the Rule 2.7 Announcement.

Trading of Deliveroo shares on the London Stock Exchange was suspended beginning at 7:30 A.M. British Summer Time (“BST”) on October 2, 2025. It is expected that trading in Deliveroo shares on the London Stock Exchange will permanently halt at 8:00 A.M. BST on October 3, 2025.

The foregoing description of the Transaction does not purport to be complete and is qualified in its entirety by reference to the Rule 2.7 Announcement, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on May 6, 2025 and the Co-operation Agreement, dated as of May 6, 2025, between the Company and Deliveroo, which was filed as Exhibit 2.2 to the Company’s Current Report on Form 8-K filed on May 6, 2025, each of which is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On October 2, 2025, the Company issued a press release announcing the consummation of Transaction. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 7.01 by reference.

The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, shall not otherwise be subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
2.1	Rule 2.7 Announcement (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on May 6, 2025).
2.2	Co-operation Agreement (incorporated by reference to Exhibit 2.2 to the Company’s Current Report on Form 8-K filed on May 6, 2025).
99.1	Press Release issued October 2, 2025 by the Company.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DOORDASH, INC.
Date: October 2, 2025	By:	/s/ Tony Xu
	Name:	Tony Xu
	Title:	Chief Executive Officer