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DASH
CNBC
113 days

Deliveroo shares soar to three-year high after U.S. giant DoorDash makes takeover bid

1. Deliveroo received a $3.6 billion takeover offer from DoorDash. 2. Shares of Deliveroo spiked 17.6% after the announcement. 3. DoorDash likely faces no major regulatory hurdles for the acquisition. 4. Deliveroo has recently become profitable, reporting its first annual profit. 5. Market competition remains intense, impacting Deliveroo's growth prospects.

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FAQ

Why Bullish?

The takeover offer and Deliveroo's profitability boost investor confidence, mirroring historical acquisition impacts.

How important is it?

The article indicates strong investor interest in DASH due to acquisition activities.

Why Short Term?

Immediate market reactions follow acquisitions, though long-term growth concerns persist.

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