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Deliveroo PLC received takeover interest from US food delivery firm DoorDash Inc, Reuters reported on Tuesday.
Citing two people familiar with the matter, Reuters reported the talks between London-listed Deliveroo and DoorDash ended due to a disagreement on valuation.
Shares in takeaway delivery company Deliveroo traded 3.7% higher at 132.20 pence each in London on Wednesday morning. It has a market capitalisation of £2.16 billion. DoorDash rose 1.3% in New York on Tuesday, valuing it at $45.83 billion.
Deliveroo shares are up 24% over the past year, but have slipped some 9% over the past month. Shares are down 66% from its 390p initial public offering price. It floated in March 2021.
https://www.reuters.com/business/retail-consumer/doordash-held-talks-with-uks-deliveroo-takeover-sources-say-2024-06-25/
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