### Deliveroo's Stock Soars Following DoorDash's $3.6 Billion Takeover Proposal - Deliveroo, a prominent food delivery service based in London, has seen its shares reach a three-year high following a proposed acquisition offer from U.S. rival DoorDash valued at approximately $3.6 billion. This significant development comes as DoorDash aims to expand its global footprint, particularly in Europe and the Middle East, where Deliveroo operates as a key player in the food delivery market. The offer, which translates to 180 pence per share, has sparked a notable surge in Deliveroo's stock, reflecting investor optimism about the potential deal and the future of the company under new ownership. *However, it is important to note that no firm offer has yet been made, and the situation remains fluid as negotiations continue* [https://www.theguardian.com/business/2025/apr/28/deliveroo-shares-surge-doordash-takeover-move]. ### Breakdown of the Current Situation and Implications 1. **Acquisition Proposal**: DoorDash has formally proposed to acquire Deliveroo for $3.6 billion, which has led to a significant increase in Deliveroo's stock price. 2. **Market Reaction**: Following the announcement, Deliveroo's shares surged by over 18%, marking the highest increase since 2021, indicating strong market confidence in the potential acquisition [https://www.bloomberg.com/news/articles/2025-04-28/deliveroo-shares-jump-after-3-6-billion-doordash-offer]. 3. **Suspension of Share Buyback**: In light of the takeover discussions, Deliveroo has suspended its £100 million share buyback program, a strategic move to conserve resources during the negotiation period [https://www.irishnews.com/news/uk/deliveroo-shares-shoot-higher-after-us-takeover-proposal-4D5BPYNJZBKU3GK65VRPYOB7GI]. 4. **Future Prospects**: Analysts view the acquisition as a potential means for DoorDash to significantly enhance its market presence in Europe, which could reshape the competitive landscape of food delivery services [https://www.investors.com/news/technology/doordash-stock-deliveroo-offer-food-delivery-dash-news]. ### Supporting Data and Market Metrics - **Stock Performance**: - Deliveroo shares increased by **18%** on the first trading day following the announcement. - The stock price reached **180 pence**, the highest level since 2021 [https://www.cnbc.com/2025/04/28/deliveroo-soars-after-doordash-makes-takeover-bit.html]. - **Valuation**: The proposed acquisition values Deliveroo at approximately **$3.6 billion**, a significant premium compared to its previous market valuation [https://www.bloomberg.com/news/articles/2025-04-25/doordash-offers-to-buy-deliveroo-for-2-40-a-share]. - **Market Context**: Since its IPO in March 2021, Deliveroo's shares had previously declined by **62%**, making this acquisition offer a pivotal moment for the company [https://sg.news.yahoo.com/doordash-offers-buy-uk-based-181925639.html]. ### Conclusion: A Pivotal Moment for Deliveroo and DoorDash - **Key Findings**: 1. Deliveroo's stock has surged significantly following DoorDash's acquisition proposal, reflecting strong investor confidence. 2. The suspension of the share buyback program indicates a strategic shift as the company navigates potential ownership changes. 3. Analysts believe that the acquisition could enhance DoorDash's competitive position in the European market. - **Next Steps**: DoorDash has until May 23 to submit a firm offer, and the outcome of these negotiations will be crucial for both companies moving forward [https://www.thegrocer.co.uk/news/deliveroo-shares-surge-on-takeover-news/703838.article].