Food delivery giant Deliveroo has agreed to a takeover by its US rival DoorDash in a deal worth around £2.9 billion. San Francisco-based DoorDash will pay 180p a share in cash for London-listed Deliveroo in a move set to create a combined firm with a presence across 40 countries and handling about 90 billion US dollars (£67.7 billion) of orders each year. #deliveroo #doordash
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00:00Hello, I'm Greg Wright of the Yorkshire Post and here are your headlines for this morning.
00:06The food delivery giant Deliveroo has agreed to a takeover by its US rival DoorDash in
00:14a deal worth around £2.9 billion.
00:17San Francisco-based DoorDash will pay 180 pence a share in cash for London-listed Deliveroo
00:25in a move which is set to create a combined firm with a presence across 40 countries
00:30and handling about US$90 billion of orders each year.
00:35The firm said the combination with Deliveroo will strengthen DoorDash's position
00:41as a leading global platform in local commerce, enabling the combined entity
00:46to better serve businesses, consumers and couriers.