Deliveroo CEO to step down following acquisition by DoorDash

Deliveroo founder and CEO, Will Shu, has decided to step down following the company's takeover by US competitor DoorDash. This takeover, which values Deliveroo at approximately £2.9bn ($3.9bn), was announced in May and is expected to be finalised on 2 October. The deal terms offer 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. A court hearing to approve the acquisition is antici ...