Deliveroo opens door to £2.7bn meal deal with DoorDash

Open the Editor’s Marking Free

Rulla Khalaf, the FT editor, chooses its preferred stories in this week’s news.

In 2021, the food delivery company listed in London, which is estimated at 7.6 billion pounds, is the US opponent, which is swallowed by a US opponent, which San Francisco’s Dodash amounted to 2.7 billion pounds.

Assumes between the two popular collection of programs comes, as the consolidation collects pace in the field. Earlier this year, Prosus gave 4.1 billion euros to Europe’s leading food delivery team, just eats the road.

Founded in Will Shu 2013, childbirth to the public went to the public four years ago in the expected IPO. But the listing proved a debut Because stocks lost more than a quarter of their value on the first day of sale.

The company fights to perform. About 1.47 pounds in the market were 1.47 pounds on Friday, more than 60 percent of the price of 3.90 pounds. The competition intensified when Uber dishes in the UK in 2016, as well as retail giant Amazon, from grocery.

On Friday, the childbirth said that his council would “recommend advising” the supply of £ 1.80 pounds if a strong approach was made.

Cauntoo works a food delivery program in nine countries and fix it The first complete annual profit Last month in the results of 2024.

In February, childbirth was forced to deny the scene this year as a chief executive, adding that he remained on the long-term future of the “ruthless focused” company.

DOORDASH, which was in line with Tony XU, operated in more than 30 countries and last year was installed at $ 1.7 billion in revenue. The company’s spokesman refused to comment.

DOORDASH first approached almost approach, which was about the same assessment, the last summer, according to the deal with the knowledge of the transaction. The companies will continue negotiations and proper diligence, but there is no guarantee that the deal will be presented in its statement.

The shares of DOORDASH values ​​are more than 20% premium. The company will have to make a proposal by May 23 under the rules of taking over from Great Britain.

DOORDASH operates in the United States, Canada, Australia and New Zealand and does not coincide with any maternity markets, which companies hope that the transaction does not block competition regulators.

Both companies are expanding in grocery and retail, while developing their advertising businesses to promote the profitability.