BusinessPostCorner.com
No Result
View All Result
Wednesday, June 18, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

DoorDash strikes £2.9bn deal for Deliveroo

May 6, 2025
in Finance
Reading Time: 1 min read
A A
0
DoorDash strikes £2.9bn deal for Deliveroo
ShareShareShareShareShare

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

DoorDash has agreed to buy UK food delivery company Deliveroo in a £2.9bn deal, marking the latest London-listed group to be taken over by a US rival.

San Francisco-based DoorDash said it would pay 180p a share in cash for Deliveroo, which has struggled as a public company after listing in London to great fanfare four years ago.

Deliveroo, which operates a food delivery app in nine countries, has faced intensifying competition from Uber Eats and only reported its first full annual profit in March.

DoorDash’s operations are focused in the US, Canada, Australia and New Zealand and do not overlap with those of Deliveroo, which was founded by Will Shu in 2013.

Tony Xu, the chief executive and co-founder of DoorDash, said: “The Enlarged Group will bring together DoorDash’s strong operating playbook with Deliveroo’s local expertise to invest in innovation and execution at an even higher level.”

This is a developing story

Credit: Source link

ShareTweetSendPinShare
Previous Post

CATL gauges interest for potential $5 billion HK listing

Next Post

Kenya High Court Quashes Sam Altman’s Worldcoin Biometric Data, Cites Privacy Issues

Next Post
Kenya High Court Quashes Sam Altman’s Worldcoin Biometric Data, Cites Privacy Issues

Kenya High Court Quashes Sam Altman’s Worldcoin Biometric Data, Cites Privacy Issues

Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

Trash AI Content, Experimental Budgets, and TikTok for B2B: Ross Simmonds Unfiltered

June 16, 2025
Roundhouse Birmingham tours on hold amid sudden closure

Roundhouse Birmingham tours on hold amid sudden closure

June 12, 2025
Tesla sues ex-Optimus engineer alleging theft of robotic trade secrets

Tesla sues ex-Optimus engineer alleging theft of robotic trade secrets

June 12, 2025
Elon Musk says he ‘regrets’ some posts he made about Donald Trump

Elon Musk says he ‘regrets’ some posts he made about Donald Trump

June 11, 2025
Dow futures drop while oil prices jump as escalating Israel-Iran conflict targets critical energy assets

Dow futures drop while oil prices jump as escalating Israel-Iran conflict targets critical energy assets

June 15, 2025
US court halts order demanding Donald Trump return control of California’s National Guard

US court halts order demanding Donald Trump return control of California’s National Guard

June 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Donald Trump to extend US TikTok ban deadline, White House says

Donald Trump to extend US TikTok ban deadline, White House says

June 18, 2025
The smallest country on the Southeast Asia 500 generated the most revenue 

The smallest country on the Southeast Asia 500 generated the most revenue 

June 18, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!