💨 Abstract

DoorDash has proposed a $3.6 billion takeover of Deliveroo, a London-based food delivery service, which has led to a 17% jump in Deliveroo's share price. The deal comes as DoorDash seeks to expand its food delivery portfolio in Europe. Deliveroo reported its first annual profit last year and operates in 10 markets worldwide. The proposed deal follows Prosus' acquisition of Just Eat Takeaway.com

Courtesy: wtop.com

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