Deliveroo strikes £2.9bn takeover deal with US rival DoorDash

Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash.
The delivery platform received an offer worth 180p-a-share at the start of last month and on Tuesday, it recommended the deal to shareholders.
The takeover offer is aimed at expanding the DoorDash brand into Europe for the first time and strengthening Deliveroo’s market share amid increasing competition from UberEats and JustEat.
The combined group will have a presence across 40 countries, with annual orders worth around