
Deliveroo Shares Jump After $3.6 Billion DoorDash Offer
Deliveroo Plc shares surged by more than 18% on Monday, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash Inc.
On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash £1.80 per Deliveroo share. That would value the company at about $3.6 billion, according to calculations by Bloomberg.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Gerry Adams's lawyer to pursue chatbots for libel
The high-profile media lawyer who represented Gerry Adams in his libel trial against the BBC is now preparing to sue the world's most powerful AI chatbots for defamation. As one of the most prominent libel lawyers in the UK, Paul Tweed said that artificial intelligence was the 'new battleground' in trying to prevent misinformation about his clients from being spread online. Mr Tweed is turning his attention to tech after he recently helped the former Sinn Fein leader secure a €100,000 (£84,000) payout over a BBC documentary that falsely claimed he sanctioned the murder of a British spy. The Belfast-based solicitor said he was already building a test case against Meta that could trigger a flurry of similar lawsuits, as he claims to have exposed falsehoods shared by chatbots on Facebook and Instagram. It is not the first time tech giants have been sued for defamation over questionable responses spewed out by their chatbots. Robby Starbuck, the US activist known for targeting diversity schemes at major companies, has sued Meta for defamation alleging that its AI chatbot spread a number of false claims about him, including that he took part in the Capitol riots. A Norwegian man also filed a complaint against OpenAI after its ChatGPT software incorrectly stated that he had killed two of his sons and been jailed for 21 years. Mr Tweed, who has represented celebrities such as Johnny Depp, Harrison Ford and Jennifer Lopez, said: 'My pet subject is generative AI and the consequences of them repeating or regurgitating disinformation and misinformation.' He believes statements put out by AI chatbots fall outside the protections afforded to social media companies, which have traditionally seen them avoid liability for libel. If successful, Mr Tweed will expose social media companies that have previously argued they should not be responsible for claims made on their platforms because they are technology companies rather than traditional publishers. Mr Tweed said: 'I've been liaising with a number of well-known legal professors on both sides of the Atlantic and they agree that there's a very strong argument that generative AI will fall outside the legislative protections.' The lawyer said that chatbots are actually creating new content, meaning they should be considered publishers. He said that the decision by many tech giants to move their headquarters to Ireland for lower tax rates had also opened them up to being sued in Dublin's high courts, where libel cases are typically decided by a jury. This setup is often seen as more favourable to claimants, which Mr Tweed himself says has fuelled a wave of 'libel tourism' in Ireland. He also said Dublin's high courts are attractive as a lower price option compared to London, where he said the costs of filing libel claims are 'eye-watering'. He said: 'I think it's absurd now, the level of costs that are being claimed. The libel courts in London are becoming very, very expensive and highly risky now. The moment you issue your claim form, the costs go into the stratosphere. 'It's not in anyone's interest for people to be deprived of access to justice. It will get to the point where nobody sues for libel unless you're a billionaire.' Meta was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
15 hours ago
- Yahoo
This Forest Hill pizzeria keeps winning Deliveroo awards - I went to find out why
When a small neighbourhood pizzeria wins Best Pizza in Greater London not just once, but two years in a row, it makes you wonder what all the fuss is about. That's exactly what I set out to discover when I visited Bona Sourdough Pizzeria in Forest Hill, the unassuming local spot that's built a loyal following and earned a national spotlight thanks to the 2025 Deliveroo Restaurant Awards. After more than 160,000 votes were cast across the UK and Ireland, Bona emerged as a clear favourite, again. I went to see if the pizza lived up to the hype, meet the people behind the dough, and find out what makes this place so special to the community it serves. What I found was more than just great food - it was a story of passion, consistency, and genuine neighbourhood charm. READ MORE: Bona Pizzeria Forest Hill wins at Deliveroo Awards 2024 The pizzeria, located in the heart of Forest Hill's Dartmouth Road, has become a cornerstone of the community since opening under current ownership six years ago. The kitchen area at Bona (Image: Newsquest) Its Neapolitan-style sourdough pizzas are known for their distinct flavour, soft texture, and quality ingredients. But what truly sets Bona apart is the people behind the dough. Owner Milan explained that the recognition wasn't just a reflection of great food, but of community support. 'We won the award last year and have retained the title and it feels amazing,' he said, adding that their win was only possible because of the people who come in regularly, the loyal takeaway customers, and those who voted in large numbers. The takeaway pizza boxes (Image: Newsquest) Milan elaborated on the process that led to the award, noting that Deliveroo selects a shortlist of restaurants in various regions and categories before the public is invited to vote. He explained: 'Well, Deliveroo put forward five or six pizzerias across different areas and they pick from that and then people vote." The Deliveroo awards cover a wide range of categories, including Best Chinese and Best Indian, which demonstrates the breadth of competition. Reflecting on Bona's journey, Milan said that the restaurant has always focused on Neapolitan-style pizza, but the menu and recipes have gone through a careful process of refinement over time. He explained: 'We took the business on six years ago now and it's always been Neapolitan-style pizza. "We've refined the menu over the years, refined the recipe, and pay a lot of attention to getting the dough right, so we've got a lot of pride with that.' Milan's regular trips to Italy have played a significant role in shaping his approach to pizza-making. Inside the restaurant (Image: Newsquest) He added: 'After going to Naples over the past few years I've really refined the pizzas I like and keeping the products consistent. "I love Italy, I've been to so many great pizzerias in Naples - it's food people never get bored of.' Milan believes pizza's universal appeal is central to its popularity, and part of the reason why Bona continues to draw in a diverse mix of customers. 'I don't think there's much food out there that fits everyone and anyone and it's something people can never get bored of. "You can have pizza once a month and it's a great comfort food,' he said. The team at Bona has remained small and close-knit with a team of about 13 staff, with Fridays being the busiest day of the week. He emphasised how much he values his team, saying that the award is most meaningful because it reflects the hard work and spirit of those behind the scenes. He explained: 'The award has given us more recognition. Milan has run the restaurant for six years (Image: Newsquest) "The best thing about it is the recognition from the team that we're offering a great service – the nicest thing about working here is the atmosphere from the team.' Manager Kinga, who has worked at Bona for two years and lives nearby, echoed that sentiment. She told the News Shopper: "I live locally and I love it here. "We meet our customers in supermarkets, gyms and outside – I always recognise their faces and usually know people's orders. "There's lots of people coming here who go to the Horniman museums, so there's a lot of people who come here for the first time too." One such customer, she recalled proudly, travels regularly to Naples and still described Bona's pizza as among the best he's had – a compliment she considers one of the greatest. On my own visit, I tried the Brindisa Chorizo pizza, which came topped with tomato, mozzarella, chorizo, goat's cheese rolled in chilli flakes, and a healthy drizzle of sriracha mayo. It was everything a pizza should be – slightly spicy, balanced, and full of flavour. My delicious chosen pizza (Image: Newsquest) The sourdough base was soft, light, and just chewy enough to hold it all together. Paired with a homemade garlic dip, it was comfort food elevated to something genuinely memorable. Beyond the food, it's clear that Bona's success is also about place and people. Milan spoke warmly about the local businesses that make up Forest Hill's independent stretch, singling out favourites like Pantry café and praising the area's character. He said: 'Dartmouth Road is great for businesses and there's no chains down here. "If you're into a neighbourhood thing, you'll like it – there's a pub for everyone here. 'You'll never come here and leave hungry.'
Yahoo
a day ago
- Yahoo
Britain's debt is a threat to national security
Our sky high debt is a threat to our national security. This year, the cost of servicing our debt will be almost double what we are spending on defence. And in today's turbulent world, the fiscal buffer to cushion us from shocks is paper thin. The smallest tap could shatter our economic credibility. The Prime Minister has made defence and security the organising principle of his government. Given that, putting our debt on a downward path should be his government's priority. It isn't. Debt will be higher at the end of the Parliament than today. And with global government debt already around $100 trillion, and Donald Trump about to increase that by a further $2.4 trillion, who will buy our debt – and at what price? Last year, the cross-party House of Lords Economic Affairs Committee raised a red flag that UK debt risks becoming unsustainable unless tough decisions are taken in this Parliament. We set out a choice: taxes would have to rise, or the state would have to do less. Being cross-party, we did not opine on which option was best. The Government has taken tough decisions – but in my mind the wrong ones. Taxes are rising to record highs. The Chancellor said last year that her strategy would deliver growth, and that she would not come back for more tax. But the growth forecast has been halved, and further tax hikes are on the cards. Meanwhile, pressure to spend more on defence is going to increase. At the upcoming Nato summit, nations are likely to be asked to commit to spending 5 per cent of GDP on defence – double Labour's current commitment. So what is to be done? We need to confront the other option: the state should do less. The Government rightly says that the relentless rise in welfare spending is 'unsustainable'. Spending on disability and incapacity benefits alone is more than on defence. But having announced that action would be taken to curb the growth in the welfare budget, the Prime Minister is now blinking in the face of opposition. The Government – and the nation – cannot afford ministers losing their nerve to keep a lid on spending. The bond vigilantes have saddled up and are on the prowl. Nor can the Chancellor tax her way out of the debt quagmire: to do so would risk us entering into a doom loop of ever lower growth and ever higher debt. If defence and security is the organising principle of government, the Chancellor must set out a credible plan to stop debt's relentless rise and bring it down from today's giddying heights. Not doing so risks economic catastrophe – and our national security. Lord Bridges of Headley is a former Government minister; he was Chairman of the House of Lords Economic Affairs Committee between January 2022 and January 2025 Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.