Showsoo shares increased after 2.7 billion pounds, Doordash Takeover Move | delivery
Deliveroo shares have emerged by 17 %, as investors’ reaction to an acquisition of $ 3.6 billion (2.7 billion pounds) by the competing Doordash application to deliver food that could affect its founder with more than 170 million pounds.
Delo said on Friday, after the closure of the UK’s securities market, that he had received a suggestion to acquire DooDash, the largest delivery application in the United States, on April 5. She might recommend a possible 180 -pixel offer for investors, if Doordash made a fixed offer.
Deliveroo shares reached about 171 points in early trading on Monday, its highest level since 2022. The company said On Monday, after the Doordash approach, the plan of 100 million pounds was to resume its shares announced last month “pending”.
However, the company told the investors on Friday that there could be “certainty that any fixed offer for Deliveroo will be made.”
“At this time, shareholders are advised not to take any action regarding a possible offer,” the company said in a statement.
According to the city’s acquisition rules, at Doordash until 5 pm on May 23 to supply Deliveroo with a fixed show.
The Will Show, the founder of Deliveroo, can be seized at about 172 million pounds, based on its 5.9 % share at work. Last year, 9.4 million shares sold at the value of about 14.8 million pounds, which he said was “covering personal real estate investments.”
Shaw, a former banker with inspiration, did the idea of no food options late at night while working for long hours, in 2013. He personally handed out steam bicycles in his first months. Since then, SHU attracted support from Amazon and Venture Capital Firm Index Ventures. Deliveroo’s popularity increased through the epidemic, when Lockdowns led to a significant increase in meal delivery.
The company in London was listed to a lot of noise in 2021, in 390 pixels per share, but it decreased by about a quarter of the first day of trading, and it has since been struggled to restore its highest levels of previous, especially given the demand for fast food orders after the epidemic.
Although Deliveroo is one of the most popular delivery applications in the UK, with an average of 7.1 million active users in 2024, it was mostly the loss of losses. The first annual profit before the tax was recorded in 2024, at a value of 12.2 million pounds, on revenues of 2.07 billion pounds.
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Deliveroo’s shares suffered last month after the company’s expected profits came in the expectations of analysts, and said that the company will come out of the Hong Kong market amid weak sales and intense competition in the region.
Deliveroo and Doordash recently attempted to expand their user base by providing services in grocery delivery and making non -nutritional delivery operations such as flowers and stationery.
The possible acquisition would be the latest in a series of deals in the sector. In February, the Dutch technology investor agreed to buy Just Eat Takeway.com for 4.1 billion euros (3.5 billion pounds).