DoorDash Proposes to Acquire Deliveroo in a $3.6 Billion Deal

In a dramatic turn of events, Deliveroo plc's shares surged over 17% on Monday following the announcement of DoorDash's acquisition offer. The proposed deal, valued at $3.6 billion, has sparked significant interest in the market.

Deliveroo's Board Shows Favor Towards the Offer

Deliveroo disclosed on Friday that it had received the offer from DoorDash, which values the company at 180 pence per share. The board has indicated a positive inclination towards recommending the offer, should a formal bid be presented.

Market Reacts Positively

By 11:39 am CET, the company's stock had rallied impressively by 17.19%, reaching 171.8 pence, reflecting the market's optimistic reception of the news.