BUZZ-Deliveroo rises on $3.9 billion takeover deal with Doordash

Reuters

2025/05/06

** Shares of British meal delivery firm Deliveroo ROO.L up 2%, hitting an over 3-year high of 175.6 pence

** Under deal, Doordash will buyout ROO for 180 pence per share or a total value of 2.9 billion pounds ($3.86 billion)

** DoorDash says financial terms of the deal are final but reserved the right to increase the offer if a third party made a competing offer

** ROO's Independent Committee decided to recommend offer to shareholders

** Up to Friday's close, the stock had risen 21.3% so far this year

($1 = 0.7519 pounds)

(Reporting by Raechel Thankam Job in Bengaluru)

((RaechelThankam.Job@thomsonreuters.com))

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