Deliveroo Confirms DoorDash Takeover Discussions
Deliveroo has confirmed that it is in talks with US-based food delivery giant DoorDash over a potential takeover, following recent media speculation
In an official announcement, Deliveroo’s Board revealed that it had received an indicative proposal from DoorDash on 5 April 2025.
The proposal outlined a possible cash offer of 180 pence per share for the entire issued and to be issued share capital of the UK company.
After reviewing the proposal with its financial advisers, the Deliveroo Board stated that it would be "minded to recommend" a firm offer to shareholders, should DoorDash proceed on the proposed terms and subject to the final agreement on other conditions.
As part of the process, Deliveroo has granted DoorDash access to its due diligence materials. However, it emphasised that there is no certainty at this stage that a formal offer will be made. Shareholders have been advised to take no action for now.
DoorDash now has until 5pm (GMT) on 23 May 2025 to either announce a firm intention to make an offer or walk away, in line with the UK's takeover rules. This deadline could be extended with the agreement of the Takeover Panel.
Notably, DoorDash reserves the right to amend the terms of any offer, including varying the structure or price, particularly if a rival bidder emerges, like that of Amazon or Prosus, or if Deliveroo announces any significant corporate actions.
The confirmation of takeover talks marks a significant development for Deliveroo, a major player in the UK and European food delivery market. Founded in 2013, Deliveroo has grown rapidly but has faced intense competition and fluctuating market conditions in recent years. A tie-up with DoorDash would further consolidate the global food delivery sector, combining two major forces at a time of ongoing transformation within the industry.
During initial trading, Deliveroo's shares have climbed from 27.4p to 174p.
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