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Deliveroo's share prices have experienced a surge following the announcement of a £2.7bn ($3.61bn) takeover proposal from US competitor DoorDash.
The London-listed food delivery firm’s shares climbed 16% in early trading after the approach was confirmed late on Friday 25 April 2025, as reported by The Irish News.
The company has halted its £100m share buyback programme due to the ongoing takeover discussions.
The programme, announced in March, was part of Deliveroo's strategy to return a total of £550m to shareholders since 2023.
Deliveroo might resume the buyback initiative at a future date if circumstances allow.
The takeover news follows Deliveroo's statement in mid-April regarding the proposal from DoorDash.
Deliveroo executives have indicated their willingness to endorse the 180p per share offer to their shareholders, assuming the other terms of the deal are agreeable.
DoorDash has been given a deadline of 23 May to present a firm offer.
Co-founded in 2013 by CEO Will Shu, Deliveroo has operations in nine countries and has a workforce of 135,000 riders globally.
Should the acquisition proceed, Shu is poised to receive a £172m windfall from his shareholding in the company.
However, industry analysts speculate that other contenders may emerge with competing takeover bids.
In March 2025, Hong Kong's privacy watchdog began a compliance check on Deliveroo in response to the company's decision to cease operations in the region, aiming to protect the personal data of its customers as well as delivery personnel.
"Deliveroo’s share prices rise on takeover proposal by DoorDash" was originally created and published by Verdict Food Service, a GlobalData owned brand.
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