Deliveroo’s share prices have experienced a surge following the announcement of a £2.7bn ($3.61bn) takeover proposal from US competitor DoorDash.
The London-listed food delivery firm’s shares climbed 16% in early trading after the approach was confirmed late on Friday 25 April 2025, as reported by The Irish News.
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The company has halted its £100m share buyback programme due to the ongoing takeover discussions.
The programme, announced in March, was part of Deliveroo’s strategy to return a total of £550m to shareholders since 2023.
Deliveroo might resume the buyback initiative at a future date if circumstances allow.
The takeover news follows Deliveroo’s statement in mid-April regarding the proposal from DoorDash.
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By GlobalDataDeliveroo executives have indicated their willingness to endorse the 180p per share offer to their shareholders, assuming the other terms of the deal are agreeable.
DoorDash has been given a deadline of 23 May to present a firm offer.
Co-founded in 2013 by CEO Will Shu, Deliveroo has operations in nine countries and has a workforce of 135,000 riders globally.
Should the acquisition proceed, Shu is poised to receive a £172m windfall from his shareholding in the company.
However, industry analysts speculate that other contenders may emerge with competing takeover bids.
In March 2025, Hong Kong’s privacy watchdog began a compliance check on Deliveroo in response to the company’s decision to cease operations in the region, aiming to protect the personal data of its customers as well as delivery personnel.
