DoorDash Toys With Possible Cash Offer for Acquiring UK-based Deliveroo

A cloud of anticipation ensues as DoorDash, the American food delivery titan, has expressed interest in acquiring Deliveroo. Amid the constant murmurs and speculation, Deliveroo confirmed that it received an indicative proposal from DoorDash on the 5th of April, 2025. The proposed cash offer aims to acquire the entire issued and yet-to-be-issued ordinary share capital of Deliveroo at a rate of 180 pence per share.

With bated breath, the board of Deliveroo had their advisory panel mull over the possible offer. They have since indicated to DoorDash that if a firm offer is made on the projected financial terms, they would be open to recommending such an offer to the Deliveroo shareholders, albeit subject to the agreement of other terms of the offer. And thus, the board has decided to engage in discussions with DoorDash over the potential deal.

The clock is ticking, as according to Rule 2.6(a) of the City Code on Takeovers and Mergers, DoorDash must declare their hand by 5pm (London time) on the 23rd of May 2025. The potential deal could be an upsizing move for DoorDash, and a defining moment for Deliveroo. For now, all we can do is wait and watch.