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The Latest Breaking News from DoorDash

Deliveroo agrees £2.9 billion takeover from US rival DoorDash

Co-founder and CEO Will Shu’s 5.9% holding is worth around £172 million if the deal goes through at the agreed price.

Evening Standard

Deliveroo agrees £2.9bn takeover by US rival DoorDash

San Francisco-based DoorDash will pay 180p a share in cash for London-listed Deliveroo.

Evening Standard

Deliveroo set to be sold to US rival DoorDash in £2.9bn takeover

The combined company will have a presence in 40 countries

The Independent UK

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A lost DoorDash driver started knocking at houses for directions. A local official then shot him in the back, cops say

John J. Reilly, 48, the highway superintendent for the town of Chester, is charged with assault, criminal possession of a weapon and criminal possession of a firearm

The Independent UK

Forget the silly IPO price. Deliveroo would be right to take DoorDash’s money and run

With a bidding war unlikely, a take-out price of £2.7bn is probably as good as it gets for Deliveroo

The Guardian - UK

Deliveroo shares surge after £2.7bn DoorDash takeover move

Founder Will Shu could net £172m in potential deal as biggest US food delivery app looks to expand globally

The Guardian - UK

Deliveroo shares shoot higher after US takeover proposal

On Monday, Deliveroo also suspended its £100 million share buyback programme as a result of the takeover talks.

Evening Standard

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FTSE 100 Live 28 April: M&S shares lower but index run goes on, Deliveroo surges

The selling of Marks Spencer shares continued in a still-improving FTSE 100 index today as the disruption caused by a cyber incident entered a second week.

Evening Standard

Deliveroo in talks over £2.7 billion buyout proposal from DoorDash

Deliveroo’s board said it received an ‘indicative proposal’ from DoorDash on April 5.

Evening Standard

US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn

The London-based company, the second largest food deliver app in the UK, said no ‘firm offer’ had been made yet

The Guardian - US

Earnings Preview: What to Expect From DoorDash's Report

DoorDash is all geared to report its first-quarter results next month, and analysts project its earnings to increase by triple digits.

Barchart

Amazon and Walmart Expand Same-Day Prescription Delivery Nationwide

Amazon and Walmart expand nationwide same-day prescription deliveries, offering faster, more convenient access to medications.Amazon

International Business Times

Black-market groups on Facebook are reportedly selling Uber and DoorDash accounts that let people bypass background checks and driver's license provisions

Users buy and rent Uber driver accounts, raising safety concerns.

Fortune

DoorDash Robot Deliveries Launch in Los Angeles, Chicago—But There's a Catch

DoorDash and Coco Robotics launch their robot delivery services in Los Angeles and Chicago. However, there's a catch.

International Business Times

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Salon

Humor: New Silicon Valley femtech apps

Big Tech loves women. Big Tech respects women. And don't be hysterical: Big Tech is NOT harvesting women's data

Capital & Main

Venezuelan Dad Deported to Salvadoran Prison Was Family Man Who Worked for DoorDash

Alirio Guillermo Belloso Fuenmayor’s wife is trying to find a way to get him released and home to Venezuela.

Reason

There's Nothing Novel About the DoorDash-Klarna Collaboration

Consumers have long paid for daily goods with loans.

Fortune

Klarna CEO defends DoorDash deal as internet mocks ‘Collateralized Doordash Obligations’

Sebastian Siemiatkowski said U.S. customers would discover the many ways to use Klarna, as DoorDash deal inspires "The Big Short" memes.

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International Business Times UK

Buy Now, Regret Later?': DoorDash Will Let Americans Split Payments—But Experts Warn of Debt Danger

Analysts worry Americans are drowning in BNPL debt as they require no hard credit checks, leading many to buy goods and services they can't afford.

Barchart

DoorDash Is Joining the S&P 500. Is DASH Stock a Buy, Sell, or Hold Now?

DoorDash will become a part of the S&P 500 Index on March 24. Analysts expect the index inclusion to prove to be a tailwind for DoorDash stock.

The Independent UK

Friends pitched in to get injured firefighter $1,500 in dine-in gift cards. Then DoorDash locked his account

Company apologized for account issue and donated to injured firefighter

The Guardian - AU

Fast food chains are mushrooming across Australia – but at what cost?

Outlets are capitalising on cash-strapped consumers ‘trading down’ from expensive restaurants, but experts warn of long-term health costs of eating ultra-processed foods

Salon

DoorDash pocketed millions in tips

“This is just fundamentally unfair,” New York Attorney General Letitia James said during a recent news conference

The Guardian - UK

First Thing: Trump says Putin would keep his word on a Ukraine peace deal

During talks with UK’s Keir Starmer, Trump also suggests Britain will be exempt from US tariffs. Plus, can the sharing of personal stories help counter vaccine skepticism?

The Guardian - US

DoorDash to repay $16.75m in pocketed tips to New York delivery workers

Delivery app claimed that 100% of tips went to ‘dashers’ but instead used them to subsidize workers’ base salary

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Sebastian Siemiatkowski

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read the most diverse news in one place.

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