Deliveroo announced on Friday that it received a buyout proposal from U.S.-based DoorDash on April 5, valuing the British food delivery company at £2.7 billion ($3.6 billion).
DoorDash has until May 23 to submit a formal offer.
This isn't the first time DoorDash has shown interest—talks between the two companies took place in June 2024 but fell through over valuation disagreements.
DoorDash has yet to comment on the latest proposal, according to Reuters. Photo by Sam Saunders, Wikimedia commons.