Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
ADNOC Gas Targets Up to $4B Profit in 2026 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
US Judge Dismisses Gautam Adani Criminal Charges 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Airbus Joins Air India A320 Altitude Drop Probe 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
DoorDash (NASDAQ:DASH), the U.S.-based meal delivery giant, has agreed to acquire British rival Deliveroo (OTC:DROOF) in a deal valued at £2.9 billion ($3.85 billion), aiming to boost its market share and local expertise across Europe. The all-cash offer of 180 pence per share was confirmed Tuesday, pushing Deliveroo shares up about 2%, though still trading below the offer price at 176.4 pence.
Deliveroo, which went public in 2021 at 390 pence per share, has struggled to regain its IPO value amid stiff competition in the food delivery space. The acquisition strengthens DoorDash’s position in Europe by adding Deliveroo’s core markets, including the UK and Ireland, to its portfolio. The companies reported a combined gross order value of approximately $90 billion in 2024, with Deliveroo serving 7 million and DoorDash 42 million monthly active users.
Deliveroo’s Independent Committee unanimously recommended the deal, stating it aligns with shareholder and stakeholder interests. Jefferies analysts noted the final offer came ahead of a May 23 deadline, indicating productive discussions.
DoorDash has received support from shareholders holding 15.4% of Deliveroo’s stock, including co-founder and CEO Will Shu, Greenoaks, and DST Global. Shu stands to receive £172.4 million for his 6.4% stake. However, Amazon (NASDAQ:AMZN), Deliveroo’s largest shareholder with a 14.38% stake, has not publicly endorsed the deal, raising speculation about a potential counteroffer.
Regulatory approval is expected to be smooth, as DoorDash currently lacks significant operations in Deliveroo’s ten markets. The acquisition marks a strategic move by DoorDash to compete more effectively with Uber Eats and Just Eat in Europe’s growing online food delivery sector.
