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 acquires adtech company Symbiosys for $175M, announced as part of a major update on its ad business, which crossed a $1B+ annualized run rate in 2024
DoorDash Inc. is adding to its recent buying spree by acquiring advertising tech firm Symbiosys for $175 million …
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 plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups
Bloomberg :
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 :
DoorDash announces a $750M stock buyback program and says Chief Financial Officer Prabir Adarkar will replace President and COO Christopher Payne on March 1
Jackie Davalos / Bloomberg :
Amazon partners with Just Eat Takeaway to offer a free one-year Grubhub+ subscription to US Prime members; Amazon gets equity in Grubhub; DoorDash drops 9%+
Amazon tried but then ultimately stepped away from building its own cost-intensive Grubhub and DoorDash competitor in the U.S. back in 2019.
DoorDash acquires Bbot, which offers ordering and payment tools for restaurants, for an undisclosed amount; Bbot raised a $15M Series A in July 2021
Alicia Kelso / Restaurant Dive :
DoorDash reports Q3 revenue of $1.28B, up 45% YoY, and says it will acquire European food delivery company Wolt in an all-stock $8B+ deal
Preetika Rana / Wall Street Journal :