Deliveroo

DoorDash says it plans to exit Qatar, Singapore, Japan and Uzbekistan, winding down both Deliveroo and Wolt, and make limited operational changes elsewhere

Deliveroo says that CEO Will Shu will step down once its takeover by DoorDash takes effect; the £2.9B deal, announced in May, is expected to close by October 2

Adventures o'er in M&A  —  Two companies together smushed  —  Did he jump or was he pushed [embedded post]

The EU Commission approves Prosus' €4.1B takeover of Just Eat Takeaway in a bid to create a “European tech champion” to rival DoorDash, which acquired Deliveroo

The European Commission has approved the €4.1bn takeover of Just Eat Takeaway by Prosus …

How Meituan used Hong Kong as a trial market for global food delivery expansion, with its Keeta service driving out Deliveroo before moving to Saudi Arabia

Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.

The UK partners with Deliveroo, Just Eat, and Uber Eats to curb illegal food delivery work, share more data, and combat a secondary market in rider accounts

Increased data sharing between government and companies follows concerns checks are being flouted X: @keir_starmer X: Keir Starmer / @keir_starmer : We're cracking down on migrants working illegally a...

DoorDash's planned Deliveroo acquisition renews questions about the UK's ability to attract and retain large tech listings in the face of New York's dominance

Financial Times :

DoorDash agrees to acquire UK food delivery company Deliveroo for £2.9B in cash; Deliveroo has struggled since its London IPO at a £7.6B valuation in March 2021

Takeover comes after UK company has struggled since going public four years ago  —  DoorDash has agreed …

Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B

Financial Times :

Deliveroo reports FY 2024 revenue up 2% YoY to £2.08B and a £2.9M net profit, up from a £31.8M loss in 2023, its first annual profit, and plans a £100M buyback

Kieran Smith / Financial Times :

Deliveroo exits Hong Kong after tough competition from Foodpanda and Meituan's Keeta, which has expanded to Saudi Arabia, with 1M weekly users, per Sensor Tower

Bloomberg :