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 ...

Core Viewpoint - The European Commission has announced that the proposed acquisition of Deliveroo by the American food delivery platform DoorDash, valued at $3.9 billion, will be reviewed under a simplified merger procedure, indicating a high likelihood of approval due to no significant competition concerns identified [1]. Group 1 - DoorDash's acquisition proposal values Deliveroo at approximately £2.9 billion (around $3.92 billion) [1]. - The simplified review process by EU regulators typically suggests that the transaction is unlikely to raise competition issues, increasing the chances of approval [1]. - Deliveroo's stock price has significantly declined since its IPO in 2021, primarily due to a stagnation in online food delivery demand following the COVID-19 pandemic [1].