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Podcast: γ¬γ’γΈγ§γθ±δΌθ©± Daily News Article Podcast
Episode: Food delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDash
Description: Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe. The company also said that it was suspending a $133.5 million share buyback it had announced last March.
Deliveroo said that its board has informed DoorDash that if a firm offer is made at the financial terms provided, it will recommend the bid to its shareholders. Deliveroo added that its board has decided to engage in talks with DoorDash about the possible offer and has given the company...