Will Shu, the founder and CEO of Deliveroo, stands to gain £172 million from a proposed £2.7 billion takeover by DoorDash. The board is inclined to recommend the 180p-per-share offer, though Deliveroo's shares are currently trading well below their 2021 IPO price. While the proposed bid does offer a premium, it is lower than recent industry benchmarks. The interest from DoorDash highlights the trend of consolidation in the food delivery market, as companies seek to strengthen their position amidst increasing competition and the need for scale.
Despite Deliveroo's shares languishing below their flotation price, a potential takeover by DoorDash could see CEO Will Shu gain over £172 million.
The proposed £2.7 billion offer from DoorDash, if finalized, would allow Deliveroo's CEO to cash in his stake, despite earlier investor losses.
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