Deliveroo agrees to £2.9bn takeover by DoorDash

Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the British business at £2.9bn.

The deal is the latest example of a UK-listed company being taken over by a US rival.

DoorDash is offering 180p per Deliveroo share, which marks a 44% increase on the UK company's share price from the point when takeover talks were made public.

"The combination with Deliveroo will strengthen DoorDash's position as a leading global platform in local commerce," the two firms said.