The European Commission has confirmed that it will assess the planned acquisition of Deliveroo by U.S.-based DoorDash under its simplified merger procedure.
The transaction, announced in May, values the London-listed food delivery company Deliveroo at approximately £2.9 billion ($3.9 billion).
According to documents published by the Commission on Tuesday, the use of the simplified procedure signals that the regulator does not expect the deal to raise significant competition concerns. Mergers reviewed through this streamlined process are typically cleared without an in-depth investigation, suggesting that approval of the transaction is likely.
DoorDash, one of the leading food delivery platforms in the United States, agreed earlier this year to acquire Deliveroo, a major player in the U.K. and European markets. The deal represents a significant consolidation in the highly competitive online food delivery sector, where companies have been under pressure to achieve scale and profitability.
