DoorDash Offers to Buy UK-Based Deliveroo for $3.6 Billion (1)

DoorDash Inc. has offered to buy UK-based Deliveroo Plc for $3.6 billion, marking a renewed attempt by the US company to expand into more overseas markets by buying smaller food delivery providers.

Deliveroo said DoorDash has proposed a cash offer for Deliveroo’s shares at £1.80 ($2.40) apiece, according to a filing with the London stock exchange. Based on Deliveroo’s shares outstanding, the offer may value the company at about $3.6 billion, according to calculations by Bloomberg. Deliveroo said it would be “minded to recommend such an offer” to shareholders, should a firm bid be made at those terms.

DoorDash, which ...