Deliveroo’s share costs have skilled a surge following the announcement of a £2.7bn ($3.61bn) takeover proposal from US competitor DoorDash.
The London-listed meals supply agency’s shares climbed 16% in early buying and selling after the method was confirmed late on Friday 25 April 2025, as reported by The Irish Information.
The corporate has halted its £100m share buyback programme because of the ongoing takeover discussions.
The programme, introduced in March, was a part of Deliveroo’s technique to return a complete of £550m to shareholders since 2023.
Deliveroo would possibly resume the buyback initiative at a future date if circumstances permit.
The takeover information follows Deliveroo’s assertion in mid-April relating to the proposal from DoorDash.
Deliveroo executives have indicated their willingness to endorse the 180p per share supply to their shareholders, assuming the opposite phrases of the deal are agreeable.
DoorDash has been given a deadline of 23 Might to current a agency supply.
Co-founded in 2013 by CEO Will Shu, Deliveroo has operations in 9 international locations and has a workforce of 135,000 riders globally.
Ought to the acquisition proceed, Shu is poised to obtain a £172m windfall from his shareholding within the firm.
Nonetheless, trade analysts speculate that different contenders could emerge with competing takeover bids.
In March 2025, Hong Kong’s privateness watchdog started a compliance verify on Deliveroo in response to the corporate’s resolution to stop operations within the area, aiming to guard the non-public information of its clients in addition to supply personnel.
“Deliveroo’s share costs rise on takeover proposal by DoorDash” was initially created and revealed by Verdict Meals Service, a GlobalData owned model.
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