There seems to be some confusion over here. As you may well know, the Ridesharing Forum previous reported over the last months the merger between two of the world’s biggest food delivery platforms, DoorDash and Deliveroo.
In the report, it’s been said that Deliveroo was first to confirm the acquisition plans, saying DoorDash floated a deal on April 5th to acquire the English platform for $2.40 per share, or around $3.6 billion.
Weeks later, ridesharing media reported that the merger had been done. However, a recent report is surfacing that the European Commission is seeking to review the takeover of DoorDash for Deliveroo, which they describe as still “planned.”
The European Commission is the European Union’s executive branch of the European Union, responsible for proposing legislation, implementing decisions, and managing the Union’s budget. It also ensures that the Union’s treaties are upheld and that the European Union law is correctly applied across member states. Essentially, it acts as the EU’s civil service and government, driving the day-to-day operations of the Union.
The planned takeover, which is now pegged at $3.9 billion, is reportedly going to be reviewed under the simplified merger procedure of the European Union, documents Ridesharing Forum obtained from the European Commission showed.
The fact that things are being reviewed under this procedure means that it does not see any competition concerns. So, for those looking forward to the fruits of this merger, there is nothing to worry since approval is probable and within reach.
Those are the only information that ridesharing media have shared. Loving this story? Re-post this online so your friends and loved ones can see.