Deliveroo CEO to step down following acquisition by DoorDash

Core Points - Deliveroo founder and CEO, Will Shu, is stepping down following the company's acquisition by US competitor DoorDash, which values Deliveroo at approximately £2.9 billion ($3.9 billion) [1][2] - The acquisition deal offers a significant premium on Deliveroo's shares, with a 29% increase over the closing price on 24 April 2025, and a 40% premium on the three-month volume-weighted average price [1][2] - The acquisition is expected to be finalized on 2 October, with a court hearing anticipated by the end of September [2] Company Overview - Deliveroo, founded in 2013, operates in several countries including Belgium, France, the Republic of Ireland, Italy, Kuwait, Qatar, Singapore, the United Arab Emirates, and the UK [2][3] - The company has partnered with approximately 176,000 restaurants, grocers, and retail partners, and works with over 130,000 riders to enhance the on-demand delivery experience [3] - Will Shu expressed pride in Deliveroo's achievements and indicated a desire to consider new challenges after 13 years [3]