Deliveroo

DoorDash has made a proposed £2.7bn takeover approach for Deliveroo at 180p per share, with Deliveroo's board saying it is minded to recommend the offer while shareholders await a formal offer by 23 May.

Summary of transaction details:

• Value: £2.7bn proposed enterprise/equity value for Deliveroo.
• Sector: Logistics & Transport / food delivery platforms.
• Advisor: Not disclosed.
• Key Entities: Deliveroo, DoorDash and Deliveroo founder and CEO Will Shu.
• Location: United Kingdom, with strategic relevance to Deliveroo's UK and European urban delivery markets.

Note: The transaction is presented as a consolidation move in food delivery, giving DoorDash access to Deliveroo's urban logistics network and platform while potentially strengthening DoorDash's European expansion strategy.