DoorDash (DASH) shares are in focus this morning after the food delivery giant confirmed plans of buying its U.K.-based peer Deliveroo (DLVEY) for about $3.9 billion. The agreement is unlikely to face regulatory hurdles as DoorDash does not have a meaningful presence in any of the 10 core markets that Deliveroo currently serves.

Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the business at £2.9bn. The deal is the latest example of a UK-listed company being taken over by a US firm. The tie-up will lead to company with a presence in more than 40 countries serving about 50 million users a month.