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