Deliveroo said to have held takeover talks with Doordash, shares spark

(Sharecast News) - Deliveroo shares sparked on Wednesday following a report that US meal delivery group Doordash flagged interest in a takeover of the UK company last month. Reuters cited sources as saying that San Francisco-based Doordash made the approach to Deliveroo, but talks ended after disagreement on valuation. It was understood there are no talks ongoing.

Doordash and Deliveroo both declined to comment to Reuters.

At 0805 BST, Deliveroo shares were up 4.9% at 133.70p.