Doordash, the U.S.-based meal delivery giant, expressed interest in acquiring Britain’s Deliveroo, sources familiar with the matter revealed. Talks between the two companies ceased due to a valuation dispute, leading to a standstill in negotiations. With Deliveroo’s shares decreasing by 68% since August 2021, the London-listed firm faces challenges in the competitive online food delivery market. Deliveroo’s partnership with 180,000 restaurants and retail partners, combined with a network of 140,000 riders, highlights its significant presence in the industry. The company’s recent quarter showed modest growth in orders, emphasizing its resilience amid market changes. Amazon holds the largest stake in Deliveroo, followed by DST Global, while CEO Will Shu retains a substantial ownership interest. Despite the setback in takeover discussions, both Doordash and Deliveroo stay focused on strategic growth opportunities in the evolving food delivery landscape.
DoorDash Expresses Interest in Acquiring Deliveroo Amid Valuation Disagreement
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