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DASH
CNBC
113 days

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

1. DoorDash offers $3.6 billion for Deliveroo; share prices surge. 2. Deliveroo suspends £100 million share buyback amid acquisition talks. 3. Analysts see limited regulatory hurdles for DoorDash's takeover. 4. Deliveroo's stock remains far from its 2021 peak despite recent gains. 5. Fierce competition continues complicating Deliveroo's market position.

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FAQ

Why Bullish?

DoorDash's acquisition offer could increase investor confidence in DASH, similar to other successful takeovers.

How important is it?

The takeover bid indicates DoorDash's growth strategy, likely improving DASH's market perception and investment appeal.

Why Short Term?

The immediate market reaction is expected to be positive owing to the acquisition news.

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