Published: September 18, 2025 at 10:37 am
Major news in UK business as Deliveroo founder Will Shu will step down as CEO once the company’s £2.9 billion takeover by US rival DoorDash completes on 2nd October.
Shu, who launched the business in 2013, will walk away with more than £170m from the deal, which values shares at 180p – a 44% premium.
The move follows the London-headquartered firm’s first-half loss of £19.2m this year, linked to costs from the acquisition, despite revenues rising 8% to £1bn.
Chair Claudia Arney praised Shu as “an incredible innovator” who created “a British success story” as the company now prepares for a new era under DoorDash ownership.