Bidding war for Deliveroo? There could be appetite
Deliveroo's announcement late on Friday that it was in takeover talks with a US rival was interpreted as the beginning of the end of four disappointing years for what Rishi Sunak once dubbed a 'true British tech success story'.
The £2.7 billion approach from San Francisco-based DoorDash had all the hallmarks of being a done deal — even if it was described as an 'indicative proposal' and there was 'no certainty that any firm offer for Deliveroo will be made'.
Perhaps most striking was that the Deliveroo board, chaired by Claudia Arney, a former McKinsey partner, indicated that it would be 'minded to recommend' a deal at 180p a share. 'Roo', as it is known in some parts of the City, very much now
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