Deliveroo

DoorDash says it plans to exit Qatar, Singapore, Japan and Uzbekistan, winding down both Deliveroo and Wolt, and make limited operational changes elsewhere

Deliveroo says that CEO Will Shu will step down once its takeover by DoorDash takes effect; the £2.9B deal, announced in May, is expected to close by October 2

Adventures o'er in M&A  —  Two companies together smushed  —  Did he jump or was he pushed [embedded post]

The EU Commission approves Prosus' €4.1B takeover of Just Eat Takeaway in a bid to create a “European tech champion” to rival DoorDash, which acquired Deliveroo

The European Commission has approved the €4.1bn takeover of Just Eat Takeaway by Prosus …

DoorDash's planned Deliveroo acquisition renews questions about the UK's ability to attract and retain large tech listings in the face of New York's dominance

Financial Times :

DoorDash agrees to acquire UK food delivery company Deliveroo for £2.9B in cash; Deliveroo has struggled since its London IPO at a £7.6B valuation in March 2021

Takeover comes after UK company has struggled since going public four years ago  —  DoorDash has agreed …

Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B

Financial Times :

Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards

Yasemin Craggs Mersinoglu / Financial Times :

Deliveroo partners with French frozen food company Picard to offer express deliveries nationwide, its third deal with a major French food provider

Benoit Berthelot / Bloomberg :

Delivery Hero sells its operations in its home market Germany, including the Lieferheld, Pizza.de and foodora brands, to Dutch rival Takeaway.com for €930M

One more big consolidation play is underway in the highly competitive European food delivery business, amid more pressure from newer players like Uber Eats and Deliveroo.

Source: Amazon has held two rounds of preliminary talks to acquire London-based food-delivery startup Deliveroo, following reports of similar interest from Uber

twice Thanks: @matthfield