2 h. ago British takeaway! Deliveroo agrees to £2.9bn deal from US rival DoorDash

The Silicon Valley-based group, the largest food delivery platform in the US, said it would pay 180 pence per share in cash for Deliveroo.

Economics

3 h. ago BP shares rise amid reports Shell considering takeover offer

The oil major saw its shares lift on Tuesday, following reports its biggest rival is weighing whether to launch a takeover bid.

Politics

3 h. ago Deliveroo set to be sold to US rival DoorDash in £2.9bn takeover

The combined company will have a presence in 40 countries

Economics

4 h. ago Deliveroo agrees £2.9 billion takeover from US rival DoorDash

Co-founder and CEO Will Shu’s 5.9% holding is worth around £172 million if the deal goes through at the agreed price.

Economics

43 h. ago Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industryShell is talking to advisers about the potential for a takeover of the rival oil producer BP, according to reports.The oil major has been discussing the feasibility and merits of a takeover of BP with its advisers in recent weeks, according to a report from Bloomberg, which cited people familiar with the matter. Continue reading...

Politics

3 d. ago EFL crisis club 'saved from oblivion' after agreeing takeover with former owner of rival club

The tumultuous reign of Dai Yongge at Reading looks set to end after a deal was agreed with former Wycombe owner Rob Couhig, two months after Dai was disqualified under the EFL’s owners’ and directors’ test

Events

8 d. ago US tariff war hurting trade with China; Beijing ‘confident’ of hitting growth targets – business live

Rolling coverage of the latest economic and financial newsShares in food delivery group Deliveroo have jumped by 17% at the start of trading in London, after receiving a takeover approach from US rival DoorDash.On Friday night, the news broke that DoorDash had offered to buy Deliveroo for $3.6bn (£2.7bn). Continue reading...

Events