Bloomberg’s Henry Ren explains why DoorDash’s offer to buy Deliveroo was a long time in the making. He joins Caroline Hyde on “Bloomberg Technology.” (Source: Bloomberg)

Tony Xu has picked a good time to chow down on a rival. The DoorDash chief executive has offered to gobble up Deliveroo , valuing his British peer at $3 billion after deducting net cash. While the $79 billion U.

Deliveroo's share prices have experienced a surge following the announcement of a £2.7bn ($3.61bn) takeover proposal from US competitor DoorDash. The London-listed food delivery firm’s shares climbed 16% in early trading after the approach was confirmed late on Friday 25 April 2025,