From Morningstar: 2025-04-29 08:41:00

Shares of Deliveroo surged over 17% after suspending its share repurchase program due to a takeover bid from DoorDash valued at £2.7 billion. DoorDash has until May 23 to make a firm offer, likely to be accepted. Deliveroo’s stock has tumbled over 40% since its 2021 IPO due to market pullback post-pandemic.

The food delivery sector is seeing consolidation, with Prosus set to acquire Just Eat Takeaway and DoorDash leading in North America with 60% market share. The deal complements DoorDash’s international footprint, expanded through the acquisition of Finland-based company Wolt. Deliveroo, like its peers, has exited markets in Asia and Europe due to competition.



Read more at Morningstar: Deliveroo: Maintaining Fair Value Estimate as…