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Milan prosecutors have placed the Italian arm of food delivery platform Deliveroo under judicial supervision and its chief executive under investigation for alleged exploitation of workers, judicial documents seen by Reuters showed on Wednesday.
The delivery giant said it will wind down delivery services across Qatar, Singapore, Japan and Uzbekistan.
Shares of DoorDash Inc. tumbled in extended trading Wednesday after the delivery platform said it plans to increase investments in its business next year and that its recent acquisition of Deliveroo would contribute less to profits in 2026 than once anticipated.
DoorDash has finalized its acquisition of the U.K. food delivery company Deliveroo, saying Thursday that the boards of both companies approved the nearly $4 billion deal announced earlier this year.
Will Shu, founder of food delivery app Deliveroo, will step down as its chief executive once US rival DoorDash completes a takeover of the British group, a statement said Thursday.
"I have decided that now is the right time for me to step down," Deliveroo CEO Will Shu said in a statement Thursday. Shu will step down as CEO after DoorDash's deal to acquire the company, which is expected to close on Oct. 2
The EU Commission on Tuesday said it had approved the takeover of Deliveroo by U.S. meal delivery firm DoorDash.
Food delivery app Deliveroo on Thursday reported that it fell back into a loss in the first half of 2025, citing costs related to its takeover by US rival DoorDash.
Deliveroo PLC (LSE:ROO) delivered a strong set of interim results, but its shares were unmoved on Thursday due to shareholders having approved a takeover by US peer DoorDash. Underlying EBITDA for the first half of 2025 grew 46% to £96 million, which was around 12% ahead of the average City analyst forecast, when excluding deal fees from the DoorDash bid.
DoorDash Inc (NYSE:DASH) has earned a price target boost from Oppenheimer analysts, who raised their price target to $280 from $220, citing stronger-than-expected third-party data and an uptick in advertising revenue that signals accelerating profitability. Shares of DoorDash traded up about 2% at $246 on Monday afternoon.
DoorDash co-founder and CEO Tony Xu discusses the company's acquisitions of Deliveroo and SevenRooms.
DoorDash co-founder and CEO Tony Xu joins 'Squawk Box' to discuss the company's Deliveroo and SevenRooms acquisitions, delivery app competition, state of the consumer, company partnerships, Uber lawsuit, M&A outlook, and more.
The two combined for $90 billion worth of orders in 2024. Transcript: DoorDash has made a big acquisition in hopes of expanding its presence in Europe.
Deliveroo investor Amazon.com has yet to say whether it will vote for DoorDash's takeover bid for the U.K. food-delivery service company.
DoorDash Inc (NYSE:DASH) had a £2.9 billion ($3.9 billion) offer for Deliveroo PLC (LSE:ROO) accepted but the San Francisco group's announcement had a telling omission, analysts said. An indicative offer of 180p per share, which was announced a week last Friday, was firmed up as a formal offer and the board has accepted on the same terms, the New York-listed company said on Tuesday.
DoorDash will purchase British rival Deliveroo for $3.85 billion, the companies said on Tuesday, helping DoorDash grow its market share in Europe.
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.29 billion), as the U.S. food delivery company seeks to expand into new markets.
The Deliveroo PLC (LSE:ROO) board has agreed on a £2.9 billion takeover offer from US peer DoorDash Inc (NYSE:DASH). DoorDash said it made a formal offer of 180p, the same price as the indicative offer it made a week last Friday , which the board of the FTSE 250-listed company has accepted.
Deliveroo shareholders will receive 180 pence for each share they hold in cash.
British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion.