Doordash held talks with UK's Deliveroo on takeover

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5 months ago

Doordash showed interest in acquiring Deliveroo, but talks ceased over valuation. Deliveroo's shares closed at 127.5 pence, valuing the company at 2.1 billion pounds. Amazon, DST Global, and CEO Will Shu are key shareholders. Analysts noted the potential for cross-border M&A in the food delivery sector. Doordash's CEO, Tony Xu, aimed for global diversification through acquisitions.

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Economic Times

Topics:

Doordash

Deliveroo

takeover

UK

acquisition

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