DoorDash Agrees to Buy Deliveroo in $3.9 Billion Deal (2)

DoorDash Inc. reached an agreement to buy the UK-based food-delivery platform Deliveroo Plc for about £2.9 billion ($3.9 billion), as the US company pushes into more overseas markets.

DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday, confirming the terms of an offer announced on April 25. That’s a 29% premium to Deliveroo’s closing share price the day before. Deliveroo’s board has agreed to the terms, which is subject to regulatory and shareholder approval.

DoorDash, which controls two-thirds of the restaurant delivery market in the US, will expand its reach ...