Deliveroo’s share prices rise on takeover proposal by DoorDash

GlobalData

Tue, Apr 29, 2025, 8:52 AM 1 min read

Deliveroo's stock prices person experienced a surge pursuing the announcement of a £2.7bn ($3.61bn) takeover connection from US rival DoorDash.

The London-listed nutrient transportation firm’s shares climbed 16% successful aboriginal trading aft the attack was confirmed precocious connected Friday 25 April 2025, arsenic reported by The Irish News.

The institution has halted its £100m stock buyback programme owed to the ongoing takeover discussions.

The programme, announced successful March, was portion of Deliveroo's strategy to instrumentality a full of £550m to shareholders since 2023.

Deliveroo mightiness resume the buyback inaugural astatine a aboriginal day if circumstances allow.

The takeover quality follows Deliveroo's connection successful mid-April regarding the connection from DoorDash.

Deliveroo executives person indicated their willingness to endorse the 180p per stock connection to their shareholders, assuming the different presumption of the woody are agreeable.

DoorDash has been fixed a deadline of 23 May to contiguous a steadfast offer.

Co-founded successful 2013 by CEO Will Shu, Deliveroo has operations successful 9 countries and has a workforce of 135,000 riders globally.

Should the acquisition proceed, Shu is poised to person a £172m windfall from his shareholding successful the company.

However, manufacture analysts speculate that different contenders whitethorn look with competing takeover bids.

In March 2025, Hong Kong's privacy watchdog began a compliance cheque connected Deliveroo successful effect to the company's determination to cease operations successful the region, aiming to support the idiosyncratic information of its customers arsenic good arsenic transportation personnel.