DoorDash takes a bite out of the U.K. food delivery market
Marketplace Morning Report
American Public Media
4.5 • 808 Ratings
🗓️ 6 May 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: DoorDash is paying $3.8 billion to take over U.K. food delivery app Deliveroo as it looks to gain a footing in the market there. Elsewhere, Germany's DAX is down 2% after the leader of Germany's conservative party, Friedrich Merz, unexpectedly failed to win the parliamentary majority needed to become chancellor, New Zealand's prime minister wants to keep kids off social media and some businesses in Mexico are hiring English-speaking deportees.
Transcript
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| 0:00.0 | DoorDash is buying one of Europe's largest food delivery companies. |
| 0:05.2 | Good morning. This is the Marketplace Morning Report, and we're live from the BBC World Service. |
| 0:10.1 | I'm Leanna Byrne. |
| 0:11.4 | So the UK-based food delivery app, Deliveroo, is being taken over by the US giant DoorDash in a $3.8 billion deal. |
| 0:21.1 | The BBC's Sean Farrington is looking at this one for us. |
| 0:23.5 | Hello, Sean. |
| 0:24.9 | Sean, just explain to us what delivery is because it doesn't operate in the US. |
| 0:29.0 | No, it's a food delivery app, so it'd be very similar to the DoorDash service that people in the United States will be used to. |
| 0:35.1 | Probably doesn't have quite as many services on it |
| 0:37.9 | as DoorDash does. Primarily, it has been restaurants and takeaways. And then in more recent times, |
| 0:44.1 | it's moved into the grocery delivery market a little bit. Myself and yourself were actually on the |
| 0:49.1 | day that it's listed on the London Stock Exchange. I was your producer. I was hyped up as this really big deal, |
| 0:56.3 | but it was a bit of a flop in the end, wasn't it? Yeah, there was a lot of hype behind it because |
| 1:00.1 | there haven't been so many big businesses that have been choosing the London Stock Exchange |
| 1:04.4 | as the place to list and gain investment in recent years, and particularly tech businesses as well, |
| 1:10.0 | where we know a lot of that |
| 1:11.2 | has focused on listings in New York. So Deliveroo being on the stock markets in London was a big |
| 1:17.7 | deal and yes the share price did take a bit of a tumble once it listed and actually the value |
| 1:22.8 | of this deal is only around half of where it was at the peak of those, the heyday of the hype behind |
| 1:30.1 | the business. But they will still see it as a good deal. You know, almost $4 billion this deal is |
| 1:36.3 | worth. So a lot smaller compared to the whole value of DoorDash, which is worth, I think, |
| 1:42.2 | upwards of $80 billion. What is DoorDash getting from taking over Deliveroo? |
... |
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