Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations

We’re now in the phase where only the strongest will survive and they’re the ones picking up smaller rivals who realise their future is best part of a bigger entity, not going it alone,

he said

Deliveroo’s sale is the end of the road for one of the most hyped IPOs in the UK in recent memory, which ended up promising more than it could deliver,

she said

We believe both SevenRooms and Deliveroo will expand our ability to build world class services that increase our potential to grow local commerce and support our financial goals,

Doordash said in a release

So far in 2025, consumer demand on our marketplaces has remained strong, with engagement across different consumer cohorts and types that we believe is consistent with typical seasonal patterns,

the company said

Tony Xuchief executive

I could not be more excited by the prospect of what DoorDash and Deliveroo will be able to accomplish together,

DoorDash CEO Tony Xu said in the statement

With no competing bid in sight, this looks like a bold, calculated move to outpace global rivals and gain ground fast.

He added

Following careful consideration, the Deliveroo Independent Committee has unanimously decided to recommend this offer, considering it to be in the interests of all our shareholders and wider stakeholders,

the company’s Chair Claudia Arney said in a statement