Deliveroo CEO Will Shu.
Aurelien Morissard | IP3 | Getty Images
LONDON — Deliveroo CEO Will Shu is acceptable to measurement down from the nutrient transportation institution helium co-founded implicit a decennary ago.
Shu, who established Deliveroo successful 2013 with puerility person Greg Orlowski, said Thursday that helium volition measurement down arsenic CEO aft its takeover by U.S. rival DoorDash is completed.
DoorDash announced its deal to bargain the British online takeout level successful May. The acquisition values Deliveroo astatine £2.9 cardinal ($4 billion).
"I person decided that present is the close clip for maine to measurement down," Shu said successful a connection Thursday. "Taking Deliveroo from being an thought to what it is contiguous has been amazing."
"Today the Company's maturation and profitability are accelerating and we are delivering connected our ngo to alteration the mode radical store and eat, but aft 13 years I privation to contemplate my adjacent challenge," Shu added.
Deliveroo said that its acquisition by DoorDash "continues to advancement arsenic anticipated" and is expected to adjacent connected Oct. 2 pursuing a scheduled Sept. 30 tribunal proceeding to authorisation the deal.
Once it closes, the takeover volition correspond an extremity to Deliveroo's tumultuous clip successful the nationalist markets.
Deliveroo saw its shares plunge 30% successful 2021 connected the time of its archetypal nationalist offering, dealing a important stroke to London's ambitions to vie with New York for much high-profile tech listings.
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