Deliveroo shares rise 7% amid DoorDash potential acquisition speculation.
Deliveroo shares jumped up to 7% amid speculation that US rival DoorDash is considering acquiring the UK-based food delivery firm. Talks ended in 2022 due to disagreements over valuation, but Jefferies analysts believe the strength of a Deliveroo takeover could lead to similar headlines in the short term. DoorDash, which acquired Finnish rival Wolt in 2021 for $8bn, has a market valuation of $46.57bn.
June 25, 2024
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