Trending News: JD Vance goes ballistic on ‘bull****’ journalist critical of Trump’s plans to deport millionsCanada’s ‘Trump Election’ too close to call as voters get set to deliver their verdict this monthFurious MrBeast fans demand refunds after attending influencer’s $1,000 Vegas ‘immersive experience’Meghan Markle tells working women to ‘be courageous’ and ‘ask for help’ if they’re experiencing burn outWe are being forced out of beach huts we’ve owned for decades after the council DOUBLED our rent to match that paid by rich out-of-townersFlorida mall makes extreme last-ditch attempt to stop unruly teens robbing shopsTwo dead in FSU shooting after gunman opened fire: Live updatesFSU shooter named as Phoenix Ikner, 20, son of sheriff’s deputy who used police GUN to unleash terrorJosh Hawley tears into Google after judge’s stunning ruling on whether ad ‘monopoly’ is legalDisappearance of woman who vanished after leaving work is now being treated as murder: Police say there is ‘no proof’ missing 37-year-old is aliveLabour in pockets of union paymasters who have brought Birmingham to its knees as analysis shows quarter of Labour MPs gave cash to union at centre of bin strikesQueue here for Easter: Roads, bakeries, chip shops… everywhere is jam-packedDonald Trump threatens to walk away from peace talks if deal isn’t struck, but says ‘we have a good chance of solving the problem’I was a typical teenager who lived online and saw the real world as a distraction. 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Murphy movie‘Extremely bad taste!’ Netflix leaves STUNNED fans gasping ‘Oh my god’ with horrendously ‘tasteless’ Tweet seemingly making light of the Southport dance class child murdersPolygamy advocate campaigns for Labor, the Coalition is hit by billboard blunders and ‘sex and drugs diary’ comes back to haunt Albo’s enforcer: ELECTION INSIDERRevealed: The Pro-Palestine teachers pushing Gaza agenda to colleagues or their pupils in Britain’s schoolsHow Peter Dutton wants to change the way Aussies drive foreverSupermarket owner allegedly stabbed to death by an 18-year-old caught stealing itemsChina confirms its plans to build a nuclear plant on the MOON to power the research station it’s ‘dreaming up’ with RussiaLIVE: Election 2025Four creepy words girl, 7, heard from ‘man’s voice’ before grossly indecent act in woman’s changing roomTexas mortuary owner accused of carrying out sick experiments on corpses’ severed limbsMerseyside-born Cardinal says he’s worried about his phone being 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real-life ‘Conclave’: After nine days of official mourning following Pope Francis’ funeral, the search for a new pontiff will begin in earnestMultiple killed as SUV driver plows into huge crowd gathered for street festival as cops release horrifying detailsAstonishing true story Titanic’s James Cameron wanted to tell that finally reveals if Jack could fit on floating doorHuge Welcome to Country question every Aussie wants answered in Anthony Albanese’s final debate with Peter DuttonPutin announces Ukraine ceasefire to mark 80th anniversary of end of WW2Tories ‘face losing 500 seats’ in Reform local elections surge as Keir Starmer ‘stays away’ from Runcorn by-election after Labour suffers worst poll plunge EVER for a new governmentCountdown to disaster: How a series of fatal mistakes in tragic final seconds caused a Black Hawk chopper to collide with jet killing 67 in Washington DCHuge power outage strikes Spain and Portugal sparking travel chaosThe quiet village being terrorised by feral children: Owners of family-run shop attacked with their own display stands and threatened with acid and plastic knivesAnthony Albanese’s secret plan to tax your super is slammed by Labor ex-MP: ‘Ethically wrong’US and Ukraine on the verge of signing minerals deal as key terms are revealedDisabled ‘ringleader’ of ‘grandpa gang’ who held Kim Kardashian at gunpoint complains about ‘horrible’ time in prison since $10m jewellery heist as robbery trial continuesTwo reasons why a major party has suffered another huge slump days out from the electionTop Trump aide eviscerates ‘failed loser’ Kamala Harris while ridiculing her big ‘comeback’ move: Live updatesThe sobbing teen, high school trans athletes and the brewing war between California and the White HouseIntruder ‘armed with a knife’ and ‘wearing Palestinian-style headscarf’ arrested after attempting to break into the Israeli embassy in LondonReform UK could scoop 500 council seats to make Nigel Farage the biggest winner of this week’s local electionsTeen behind Baltimore’s worst mass shooting in history learns his fate after 30 people shot during partyTrump’s approval rating for his first 100 days revealed in shock poll as voters hammer him on the economyFDA scrutiny of Novavax COVID-19 vaccine sparks uncertainty about other shotsMexico and US reach deal on Rio Grande water sharingFood delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDashHow to avoid credit card late fees after a court threw out a proposed capGlobal shares mostly gain as uncertainty over US tariffs persists‘Sinners’ bites off phenomenal 2nd week; 20-year-old Star Wars movie takes 2nd placeSouth Korea’s liberal leader Lee wins party nomination to run for presidentThings to know about the US coal industry and proposed changes under the Trump administrationTrump’s push to save the fading coal industry gets a warm embrace in West VirginiaMarket turmoil has many afraid to check retirement savingsUS charges Wisconsin judge for allegedly obstructing immigration agentsCopa del Rey final: Real Madrid vs Barcelona – Los Blancos boycott build-upMore than 480 civilians killed in Sudan’s North Darfur over two weeks: UNIowa governor sues the Des Moines Register to stop request of emails she claims are protectedWorld leaders descend on Vatican for Pope Francis’s funeral‘This is one minute to midnight’: British MP visits occupied West BankSwiss leader says US foresees ‘privileged’ talks with 15 countries on US tariffs7-Eleven’s soon-to-be chief is confident he knows value, and thrifty customersFormer South Korean President Moon calls his bribery indictment ‘unjust’Canadians put off by Trump’s bluster, border arrests are booking far fewer US visitsAsian shares soar after Wall Street rallies into a 3rd dayAutomakers focus on the global market, chide the US over tariffs at Shanghai’s auto showIran signals willingness to hold nuclear talks with EuropeansMedian CEO pay in US hits record high even as markets tumbleThousands more queue to see Pope Francis on second day of lying in stateBusinesses pare back outlook as Trump tariffs weigh on spendingSpain halts controversial $7.5m deal to buy ammunition from Israeli companyNissan revises down its earnings forecast with bigger lossesMarch home sales slowed in a lethargic opening to the spring buying seasonUS filings for jobless benefits inch up as labor market remains strong
Tue. May 13th, 2025
Trending News: JD Vance goes ballistic on ‘bull****’ journalist critical of Trump’s plans to deport millionsCanada’s ‘Trump Election’ too close to call as voters get set to deliver their verdict this monthFurious MrBeast fans demand refunds after attending influencer’s $1,000 Vegas ‘immersive experience’Meghan Markle tells working women to ‘be courageous’ and ‘ask for help’ if they’re experiencing burn outWe are being forced out of beach huts we’ve owned for decades after the council DOUBLED our rent to match that paid by rich out-of-townersFlorida mall makes extreme last-ditch attempt to stop unruly teens robbing shopsTwo dead in FSU shooting after gunman opened fire: Live updatesFSU shooter named as Phoenix Ikner, 20, son of sheriff’s deputy who used police GUN to unleash terrorJosh Hawley tears into Google after judge’s stunning ruling on whether ad ‘monopoly’ is legalDisappearance of woman who vanished after leaving work is now being treated as murder: Police say there is ‘no proof’ missing 37-year-old is aliveLabour in pockets of union paymasters who have brought Birmingham to its knees as analysis shows quarter of Labour MPs gave cash to union at centre of bin strikesQueue here for Easter: Roads, bakeries, chip shops… everywhere is jam-packedDonald Trump threatens to walk away from peace talks if deal isn’t struck, but says ‘we have a good chance of solving the problem’I was a typical teenager who lived online and saw the real world as a distraction. Until one miserable night when I, like thousands of other young men my age, found the ChurchDemocrat Chris Van Hollen ridiculed for hilarious reason for why he didn’t drink ‘fake margaritas’ in El Salvador with alleged MS-13 gangsterTrump’s Defense Secretary Pete Hegseth embroiled in ANOTHER astonishing war plan group chat leakDisturbing details emerge about final moments of mother found dead in a burnt-out car in Beverley Hills after horror kidnappingCask brewers warn traditional British beer is at risk of dying out and call for real ale to be given protected heritage statusRevealed: The best way to make sure you get the dog in a divorceMother of trans rapist Isla Bryson calls on Nicola Sturgeon to apologise after Supreme Court rules that the term ‘woman’ refers to biological sexSally Anne Bowman’s mother blasts Australia for sending her daughter’s murderer to BritainAnthony Albanese reveals when he will finally marry JodieHaving the last laugh! The funniestMystery as British Airways cabin crew member is found dead in his hotel room during San Francisco stopoverAfter double council tax on second homes and a ban on non-residents buying new-builds… Now wealthy incomers to Devon’s Chelsea-on-Sea are forced to pay more than locals to park their carsTear-filled mourners come together at vigils across the globe for Pope Francis in the wake of his death aged 88Trump praised for sweet interactions with kids at Easter egg roll after years of awkward Biden momentsJoy as Daily Mail owner’s son is engaged to Alexandra, girl he met through a love of horsesFamily of teen ‘killer’ Karmelo Anthony take drastic step to ‘ensure his safety’Ex-Fox News star Steve Hilton launches run for governor in California with goal of taking on Kamala HarrisClean-cut hockey stars show off their shiny new courtroom looks on first day of sex assault trialPeaky Blinders star is back in trouble with law after missing out on playing Arthur Shelby in hit Cillian Murphy movie‘Extremely bad taste!’ Netflix leaves STUNNED fans gasping ‘Oh my god’ with horrendously ‘tasteless’ Tweet seemingly making light of the Southport dance class child murdersPolygamy advocate campaigns for Labor, the Coalition is hit by billboard blunders and ‘sex and drugs diary’ comes back to haunt Albo’s enforcer: ELECTION INSIDERRevealed: The Pro-Palestine teachers pushing Gaza agenda to colleagues or their pupils in Britain’s schoolsHow Peter Dutton wants to change the way Aussies drive foreverSupermarket owner allegedly stabbed to death by an 18-year-old caught stealing itemsChina confirms its plans to build a nuclear plant on the MOON to power the research station it’s ‘dreaming up’ with RussiaLIVE: Election 2025Four creepy words girl, 7, heard from ‘man’s voice’ before grossly indecent act in woman’s changing roomTexas mortuary owner accused of carrying out sick experiments on corpses’ severed limbsMerseyside-born Cardinal says he’s worried about his phone being confiscated during the Pope election… because he can’t check the football results and Liverpool could take out the Premier League titleOutrage as government department sends out tone-deaf sympathy message for alleged killer who died in custody days after teen’s murderFed-up neighbors reveal the hell of living next to pizza parlor that went viralBrit rugby player, 21, drowned on family holiday in Cyprus while lifeguards ‘messed around on their phones’, inquest hearsMan arrested after planning ‘scavenger hunt’ with marijuana-filled Easter eggsRevealing courtroom sign erected by judge Hannah Dugan arrested by FBI for ‘hiding migrant from ICE’Jeffrey Epstein victim Virginia Giuffre dies by suicide after troubling Instagram postsFlorida woman arrested after her boyfriend’s child scrawls desperate 3-word plea on a Post-it noteTragic update for Princeton University student who vanished from campus a week agoMan is fighting for his life after attack outside Morrisons petrol stationThe real-life ‘Conclave’: After nine days of official mourning following Pope Francis’ funeral, the search for a new pontiff will begin in earnestMultiple killed as SUV driver plows into huge crowd gathered for street festival as cops release horrifying detailsAstonishing true story Titanic’s James Cameron wanted to tell that finally reveals if Jack could fit on floating doorHuge Welcome to Country question every Aussie wants answered in Anthony Albanese’s final debate with Peter DuttonPutin announces Ukraine ceasefire to mark 80th anniversary of end of WW2Tories ‘face losing 500 seats’ in Reform local elections surge as Keir Starmer ‘stays away’ from Runcorn by-election after Labour suffers worst poll plunge EVER for a new governmentCountdown to disaster: How a series of fatal mistakes in tragic final seconds caused a Black Hawk chopper to collide with jet killing 67 in Washington DCHuge power outage strikes Spain and Portugal sparking travel chaosThe quiet village being terrorised by feral children: Owners of family-run shop attacked with their own display stands and threatened with acid and plastic knivesAnthony Albanese’s secret plan to tax your super is slammed by Labor ex-MP: ‘Ethically wrong’US and Ukraine on the verge of signing minerals deal as key terms are revealedDisabled ‘ringleader’ of ‘grandpa gang’ who held Kim Kardashian at gunpoint complains about ‘horrible’ time in prison since $10m jewellery heist as robbery trial continuesTwo reasons why a major party has suffered another huge slump days out from the electionTop Trump aide eviscerates ‘failed loser’ Kamala Harris while ridiculing her big ‘comeback’ move: Live updatesThe sobbing teen, high school trans athletes and the brewing war between California and the White HouseIntruder ‘armed with a knife’ and ‘wearing Palestinian-style headscarf’ arrested after attempting to break into the Israeli embassy in LondonReform UK could scoop 500 council seats to make Nigel Farage the biggest winner of this week’s local electionsTeen behind Baltimore’s worst mass shooting in history learns his fate after 30 people shot during partyTrump’s approval rating for his first 100 days revealed in shock poll as voters hammer him on the economyFDA scrutiny of Novavax COVID-19 vaccine sparks uncertainty about other shotsMexico and US reach deal on Rio Grande water sharingFood delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDashHow to avoid credit card late fees after a court threw out a proposed capGlobal shares mostly gain as uncertainty over US tariffs persists‘Sinners’ bites off phenomenal 2nd week; 20-year-old Star Wars movie takes 2nd placeSouth Korea’s liberal leader Lee wins party nomination to run for presidentThings to know about the US coal industry and proposed changes under the Trump administrationTrump’s push to save the fading coal industry gets a warm embrace in West VirginiaMarket turmoil has many afraid to check retirement savingsUS charges Wisconsin judge for allegedly obstructing immigration agentsCopa del Rey final: Real Madrid vs Barcelona – Los Blancos boycott build-upMore than 480 civilians killed in Sudan’s North Darfur over two weeks: UNIowa governor sues the Des Moines Register to stop request of emails she claims are protectedWorld leaders descend on Vatican for Pope Francis’s funeral‘This is one minute to midnight’: British MP visits occupied West BankSwiss leader says US foresees ‘privileged’ talks with 15 countries on US tariffs7-Eleven’s soon-to-be chief is confident he knows value, and thrifty customersFormer South Korean President Moon calls his bribery indictment ‘unjust’Canadians put off by Trump’s bluster, border arrests are booking far fewer US visitsAsian shares soar after Wall Street rallies into a 3rd dayAutomakers focus on the global market, chide the US over tariffs at Shanghai’s auto showIran signals willingness to hold nuclear talks with EuropeansMedian CEO pay in US hits record high even as markets tumbleThousands more queue to see Pope Francis on second day of lying in stateBusinesses pare back outlook as Trump tariffs weigh on spendingSpain halts controversial $7.5m deal to buy ammunition from Israeli companyNissan revises down its earnings forecast with bigger lossesMarch home sales slowed in a lethargic opening to the spring buying seasonUS filings for jobless benefits inch up as labor market remains strong
Tue. May 13th, 2025

Food delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDash

Food delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDash

Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash

ByMICHELLE CHAPMAN AP business writer

Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash.

Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the company also said that it was suspending a $133.5 million share buyback it had announced last month.

Deliveroo said Friday that its board has informed DoorDash that if a firm offer is made at the financial terms provided, it will recommend the bid to its shareholders.

Deliveroo added that its board has decided to engage in talks with DoorDash about the possible offer and has given the company access to due diligence.

Deliveroo said DoorDash must decide by May 23 whether it plans to make a firm buyout offer or not.

The proposed deal comes a few months after technology investment company Prosus agreed to buy food delivery giant Just Eat Takeaway.com for 4.1 billion euros ($4.29 billion). Acquiring Just Eat Takeaway.com will boost Prosus’ food delivery portfolio in Europe, a move that DoorDash is also looking to make.

DoorDash currently runs its business in the U.S., Canada, New Zealand and Australia.

Deliveroo, which was founded in 2013, operates in 10 markets worldwide, including the U.K., Italy and France. The company reported its first annual profit last year.

In January 2024 Delivery Hero sold its minority stake in Deliveroo after holding it for less than three years. The two companies worked together earlier this year, with Delivery Hero buying some of Deliveroo’s Hong Kong assets after the company decided to exit that market.

Ronald Josey of Citi Investment Research can see a few reasons why DoorDash is interested in Deliveroo.

“While we continue to believe that DoorDash is more focused on organic expansion, Deliveroo meets several of DoorDash’s merger and acquisition criteria, including expanding geographies and total addressable market whereby it would take DoorDash time to do organically while delivering long-term free cash flow,” he wrote.

Shares of Deliveroo jumped more than 17% on the London Stock Exchange on Monday.

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