DoorDash's planned takeover of Deliveroo to be reviewed under EU's simplified merger procedure
The food delivery app companies reached a deal valuing Deliveroo at about 2.9 billion pounds ($3.92 billion) in May.
The fact that the EU regulator is reviewing the merger under its simplified procedure usually means it does not see any competition concerns and that approval is probable.
Deliveroo's shares have weakened significantly since its 2021 debut as demand for online food delivery stagnated after the COVID pandemic.
($1 = 0.7407 pounds)
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