DoorDash Inc. has agreed to buy UK-based food-delivery platform Deliveroo Plc for an equity value of £2.9 billion ($3.9 billion), as the US company targets smaller providers in a push into more overseas markets.

U.S. meal delivery firm DoorDash will buy British rival Deliveroo for 2.9 billion pounds ($3.85 billion), the companies said on Tuesday, as they look to expand their reach and take on competition. The companies rekindled talks last month after DoorDash approached Deliveroo with a 180 pence per share proposal,

Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the British business at £2.9bn. The deal is the latest example of a UK-listed company being taken over by a US rival.