2025-05-06
DoorDash buys Deliveroo for £2.9B — less than half its IPO price
US food delivery giant DoorDash has acquired British rival Deliveroo in a £2.9bn ($3.9bn) deal, ending the UK business’ rocky tenure as a public company. The all-cash offer, priced at £1.80 ($2.40) per share, represents a 77% premium over Deliveroo’s recent trading price. However, the acquisition price is less than half its 2021 IPO valuation of £7.6bn. Deliveroo’s board unanimously backed the deal. CEO and co-founder Will Shu, who owns 6.4% of the company, is set to pocket £172mn. The merger will expand DoorDash’s footprint in Europe, where it h [...]
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2025-05-06
DoorDash is buying British rival Deliveroo for $3.9 billion
DoorDash has agreed to purchase British food and grocery delivery service Deliveroo for $3.9 billion, the companies have revealed in a filing with the London Stock Exchange. The acquisition will " [...]
2025-02-15
Uber accuses DoorDash of anti-competitive practices in a lawsuit
Uber is suing DoorDash, accusing the biggest food delivery provider in the US of putting pressure on restaurants to exclusively use its services. According to The Wall Street Journal and The Financial [...]
2025-02-25
DoorDash to settle New York lawsuit over misleading tipping practices by paying $17 million
DoorDash has reached an agreement with the New York Attorney General over an old practice wherein the company used customers' tips to subsidize its drivers' pay. As the office of New York AG [...]
2025-04-26
DoorDash calls Uber's lawsuit accusing it of anti-competitive practices a 'scare tactic'
DoorDash is asking the court to dismiss the lawsuit filed by Uber in February, calling it meritless and a "cynical and calculated scare tactic." Uber sued the biggest food delivery provider [...]
2025-05-22
Fujifilm's X Half is an $850 digital camera with an analog film aesthetic
Fujifilm has already released one unusual camera this year in the GFX100 RF medium format compact, but it's latest model may be the most offbeat yet. The $850 X Half is an 18-megapixel digital co [...]
2025-05-23
The Morning After: Google I/O’s biggest announcements want to keep you Googling
Google I/O 2025 happened earlier this week, and while there was no new hardware to speak of, the company barraged developers with new AI announcements, search features and bafflingly pricy subscriptio [...]