Investing.com -- The European Union will review the planned $3.9 billion acquisition of Deliveroo (OTC:DROOF) by U.S. meal delivery company DoorDash (NASDAQ:DASH) under its simplified merger procedure, according to EU Commission documents released Tuesday.
The food delivery app companies reached a deal in May that values Deliveroo at approximately 2.9 billion pounds ($3.92 billion).
The simplified procedure typically applies to mergers that are not expected to raise significant competition concerns, potentially allowing for a faster regulatory decision compared to more complex cases.
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