Jun 26, 2024 5:31 PM
Updated Jun 2, 2025 5:18 PM
Deliveroo was in takeover talks with DoorDash, but negotiations ended without an agreement.
Deliveroo (LSE:ROO) shares were slightly higher at Wednesday’s close, up 1.18% at 129p each, after reports of talks with American food delivery peer DoorDash (NASDAQ:DASH) over a potential takeover.
DoorDash approached Deliveroo last month, according to a Reuters report.
However, talks ended with no agreement, and valuations were mismatched.
At just under 130p, the market is currently valuing Deliveroo at around £2.1 billion.
Analyst views on the news suggest it may only be the beginning of potential bids for Deliveroo and that other bidders could potentially emerge.
The London-listed shares, which are 13.2% owned by Amazon, have struggled since what now looks like a disappointing IPO. It is down 54% since the 2021 float.
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