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Deliveroo agrees £2.9bn takeover by US rival DoorDash

Co-founder and CEO Will Shu in line for a £172m payout and staff will receive £65m from dealBusiness live – latest updatesFood delivery company Deliveroo has agreed a £2.9bn takeover by US rival DoorDash that will result in a £65m payday for its staff.The London-based delivery company, which was founded in 2013 by Will Shu and Greg Orlowski, received an offer worth 180p a share last month and on Tuesday its board recommended the deal to shareholders. Continue reading...

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