<div id="readability-page-1"><div><div>DoorDash (NASDAQ: DASH) is synonymous with food delivery in the U.S., and now it appears the company is positioning itself to take on the European market.The delivery giant has announced it will acquire U.K.-based Deliveroo in a $3.9 billion deal. U.K.-based Deliveroo is like DoorDash in that it is one of the most recognizable names in its geographic market.The deal, which Reuters says both sides have been working on for the last several months, is indicative of a changing landscape in the food delivery business. According to Reuters, the sector has been struggling due to several factors. First, inflation and increased costs have forced consumers to tighten their belts, and dialing back on luxuries like dinner delivery is an easy way to cut expenses. Second, there is an overabundance of competitors in the sector.Don't Miss:<ul> <li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.</li> <li>Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.30/share!</li> </ul>The two obstacles to profit have created an environment where consolidation is much more likely. AJ Bell Investment Director Russ Mould told Reuters he believes the entire sector has been weakened by an oversaturation of delivery services competing for the same customers. That kind of climate inevitably means that some food-delivery services operating today will not survive the current downturn.“Only the strongest will survive, and they’re the ones picking up smaller rivals who realize their future is [the] best part of a bigger entity, and not going it alone,” he said. DoorDash may have gotten a good deal on the final price. According to Reuters, Deliveroo shares are trading on the London Stock Exchange for less than half of their 2021 IPO price. Deliveroo CEO Will Shu, who delivered meals himself during the company's formative years, was philosophical about the current business climate and its effect on the company's share price.<div><h3>Deloitte’s #1 fastest-growing software company partners with Amazon, Walmart &amp; Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</h3><div><div>Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low. Earning Opportunity for All Smartphone Users Mode EarnPhone State-of-the-art smartphone device includes built-in earning features. EarnOS Proprietary earning software turns smartphones into EarnPhones.</div><div><img src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="460" height="460" original-src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA"/></div></div><div><div>Min. Investment: $1000 Share Price: $0.26 Valuation: $310M </div></div></div>Trending: Invest where it hurts — and help millions heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold.“That was a different time, (and) a different interest rate environment,&#34; Shu told Reuters. He was optimistic about Deliveroo's long-term future, but also very aware of how much competition his company was facing. “The board and myself evaluated that and said, ‘Where do we think Deliveroo should be in order for us to truly win?’ And we thought this was the right place for us,” he said.Shu's analysis illustrates the reality of being a CEO of a company. You have a duty to your shareholders and investors to do what's best for the company, even if that means being acquired at a relative discount by a larger company. With that said, it's not all bad news for Shu. Reuters estimates that he will receive roughly $215 million for his Deliveroo shares. &#34;I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together,&#34; said DoorDash CEO Tony Xu. &#34; 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.&#34; Reuters estimates the two companies did roughly $90 billion in delivery orders in 2024.<ul> <li>Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</li> <li>Mark Cuban Backs This Innovative Startup That Turns Videos into Games — Claim Your Share Now</li> </ul>Image: Shutterstock</div></div></div>

DASH

DoorDash has announced a $3.9 billion acquisition of U.K.-based food delivery company Deliveroo, marking its entry into the European market. This deal reflects a trend of consolidation in the struggling food delivery sector, impacted by inflation and intense competition. Deliveroo's shares are trading below their 2021 IPO price, prompting its CEO to consider the acquisition as a strategic move for long-term success. DoorDash CEO Tony Xu expressed excitement about the combined potential of both companies, which will serve over 1 billion people across 40 countries.

Is DoorDash Planning To Gobble Up Europe? Company Strikes $3.9 Billion Deal To Buy UK Food Delivery Company Deliveroo