Deliveroo shares have soared after US delivery service Doordash reportedly suggested it was interested in a takeover.
Shares for the London-listed food delivery supplier jumped 6% amid reports the San Francisco-based firm made an acquisition approach last month, which ultimately ended over a disagreement over valuation, reported Reuters.
However, it is expected Doordash’s attention to Deliveroo will leave the delivery company open for future takeover interests.
It comes amid Deliveroo’s shares falling by 68%, down from its pandemic high of 395.9p in August 2021, as the online food delivery market suffered post-pandemic.
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The news also follows as the latest London-based company to face potential takeovers by foreign bidders.
Earlier this week it was revealed British soft drinks manufacturer Britvic had rejected a £3.1bn takeover proposal from Danish brewer Carlsberg,
Elsewhere, online retailer Ocado’s exit of the FTSE 100 index was accompanied by mounting pressure from shareholders to move stock market listing to New York, and abandon the UK.
