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Barchart
Wajeeh Khan

Is DoorDash Stock a Buy, Sell, or Hold on $3.9B Deliveroo Deal?

Dash DoorDash Deliveroo Truist

DoorDash (DASH) shares are in focus this morning after the food delivery giant confirmed plans of buying its U.K.-based peer Deliveroo (DLVEY) for about $3.9 billion. 

The agreement is unlikely to face regulatory hurdles as DoorDash does not have a meaningful presence in any of the 10 core markets that Deliveroo currently serves.

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