U.S. meal supply agency DoorDash in Might agreed to purchase Deliveroo in a deal valuing the British rival at about 2.9 billion kilos ($3.96 billion), banking on their mixed attain and native experience to tackle competitors.
“I’ve determined that now’s the proper time for me to step down,” mentioned Shu, who based Deliveroo in 2013, alongside his childhood pal Greg Orlowski.
A court docket listening to to approve the deal is anticipated to happen on the finish of this month, with the deal set to turn into efficient on October 2.
Different non-executive board members Claudia Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramakrishnan, Tom Stafford and Dominique Reiniche would additionally step down as soon as the deal is efficient.
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