Deliveroo Shares Jump on DoorDash Acquisition News

In a dramatic turn of events, Deliveroo plc saw its shares surge by over 17% this Monday, following the announcement of a $3.6 billion acquisition offer from DoorDash.

Key Development: Deliveroo disclosed on Friday that it had received an offer from DoorDash on April 5, valuing the company at 180 pence per share. The board has expressed its inclination to recommend the offer should a formal bid be presented.

Market Reaction: By 11:39 am CET, the company's stock had rallied impressively, reaching 171.8 pence, marking a significant 17.19% increase.