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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

1. Will Shu steps down as Deliveroo CEO post-DoorDash acquisition. 2. DoorDash's acquisition valued Deliveroo at £2.9 billion ($4 billion). 3. Deliveroo's deal is expected to close on October 2. 4. Deliveroo faced challenges post-IPO, with shares plummeting 30% in 2021. 5. The acquisition might strengthen DoorDash's footprint in the UK market.

M&A
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$266.7909/18 12:54 PM EDTEvent Start
$268.0709/19 01:07 AM EDTLatest Updated
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FAQ

Why Bullish?

DoorDash's acquisition of Deliveroo expands its market share, potentially boosting DASH's revenue. Similar historical acquisitions have positively impacted market leaders.

How important is it?

The acquisition of Deliveroo presents opportunities for DASH's growth, influencing investors' sentiment positively.

Why Short Term?

Immediate gains may arise from the acquisition announcement and upcoming completion, typical in M&A scenarios.

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