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Market Chatter: DoorDash Approached Deliveroo for Takeover in May
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Market Chatter: DoorDash Approached Deliveroo for Takeover in May
Jun 25, 2024 11:32 AM

02:11 PM EDT, 06/25/2024 (MT Newswires) -- DoorDash ( DASH ) was interested in acquiring UK-based Deliveroo in May, Reuters reported Tuesday, citing people familiar with the matter.

The discussions ended after a disagreement on valuation, the report said, adding the companies are no longer in talks.

DoorDash ( DASH ) declined to comment and Deliveroo didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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