CNBC's Andrew Ross Sorkin reports on the latest news.
Shares of British food delivery firm Deliveroo jumped to their highest level in more than three years, after the company confirmed it had received a $3.6 billion takeover offer from U.S. firm DoorDa
The food-delivery company said it received a $3.59 billion takeover approach that it would be prepared to recommend to shareholders, if a formal offer were made.
Deliveroo PLC (LSE:ROO) is suspending its share buyback programme after receiving a possible takeover bid from DoorDash Inc (NYSE:DASH), which it revealed after markets closed on Friday.  DoorDash

Deliveroo in Talks to Be Acquired by DoorDash

07:30pm, Friday, 25'th Apr 2025
British food ordering platform Deliveroo said Friday (April 25) that it received a possible cash offer to be acquired by DoorDash. The company said it made this announcement in response to press sp

DoorDash seeks dismissal of Uber lawsuit

07:25pm, Friday, 25'th Apr 2025
DoorDash has asked a California Superior Court judge to dismiss a lawsuit filed by Uber that accuses the food delivery company of stifling competition by intimidating restaurant owners into exclusive
U.K.-based delivery platform Deliveroo said on Friday that DoorDash Inc. had put forward a proposal to buy it, a move that would mark the latest expansion abroad for DoorDash and further industry cons
The London-based company, the second largest food deliver app in the UK, said no ‘firm offer' had been made yet
Deliveroo's shares have weakened nearly 50% since their 2021 debut.
Deliveroo said that “it would be minded to recommend such an offer” to its shareholders, assuming an offer is made on those terms.
DoorDash asked the California Superior Court to dismiss Uber's lawsuit on Friday. In February, Uber accused DoorDash of inflating costs and other anti-competitive business practices.
British meal delivery company Deliveroo confirmed on Friday that it received a proposal from DoorDash on April 5 to buy all of its shares for 180 pence each.
Domino's Pizza -2.63 (-0.58%) DoorDash -10.08 (-5.35%) 23 Apr 28 Apr 07 May
SAN FRANCISCO--(BUSINESS WIRE)--DoorDash and Coco Robotics announced an expansion of their partnership to offer sidewalk robot delivery for DoorDash customers in L.A. and Chicago.
Netflix is among the stocks with most bullish analyst ratings. (Netflix) The post These 7 Stocks Are Analyst Favorites For Magnificent Earnings Growth appeared first on Investor's Business Daily.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE