Tony Xu and Will Shu's shared trail that led to takeover
Tony Xu and Will Shu have a lot in common. Both are in their early forties; the American entrepreneurs founded the food delivery businesses DoorDash and Deliveroo in 2013 on either side of the Atlantic; and they went public almost at the same time too, during the Covid years.
On Tuesday morning, just after the bank holiday weekend, they sat together at the London offices of the tech law firm Latham & Watkins and began a round of calls with stakeholders and journalists to set out how their companies' paths could become more deeply intertwined.
Deliveroo, the smaller British business, has accepted a £2.9 billion offer to be gobbled up by its US rival. The 180p-a-share deal, which Deliveroo recommended to shareholders on Tuesday morning,
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