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- DoorDash (NASDAQ:DASH) was reportedly in talks to acquire UK-based Deliveroo, but talks ended after the two parties could not agree on a price, according to sources cited by Reuters.
- Started in 2013 in London, Deliveroo is now in 10 markets worldwide with 160K restaurant and grocery partners.
- DoorDash (DASH) is the largest food delivery platform in the U.S.
- There are currently no negotiations taking place between the two companies.
- The news weighed on shares of DoorDash (DASH) causing the stock to reverse almost 2% from Tuesday’s gains.