DoorDash to buy UK’s Deliveroo for $3.86B, SevenRooms for $1.2B

DoorDash on Tuesday announced two major acquisitions as it seeks to expand its reach in Europe and diversify its sources of revenue. DoorDash said it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.87 billion) as the U.S. food delivery company seeks to expand into new markets. Alongside this, DoorDash separately said it is acquiring SevenRooms, which provides CRM, marketing and operations software to help restaurants, hotels and public venues with reservations and guest management, for $1.2 billion in cash. The Deliveroo acquisition would give DoorDash access to nine new markets in Europe, where the U.K. firm operates primarily. The companies are betting their combined scale would also help them compete better with rivals such as Just Eat Takeaway and Uber Eats. Meanwhile, buying SevenRooms would let DoorDash bake restaurant reservation, CRM and guest management features into its B2B Commerce Platform division, helping the company diversify beyond food ... Read full article.