DoorDash to buy SevenRooms for $1.2 billion, confirms Deliveroo deal for $3.9 billion

$1.2B

DoorDash fell more than 4% in premarket trading after it said it had struck a deal to buy hospitality tech company SevenRooms for $1.2 billion in cash, its second acquisition announcement of the morning.

DoorDash also confirmed Tuesday that it had clinched a deal to buy Deliveroo, after its offer for the company was reported last week, underscoring its push toward international expansion.

The food delivery giant also reported earnings and revenue figures that beat Wall Street estimates and gave second-quarter guidance that was in line with analysts’ consensus. DoorDash said it’s seeing particularly large growth in its grocery category.

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