The recent £2.9 billion takeover of Deliveroo by US company DoorDash, at 180p per share, highlights ongoing concerns about the UK's ability to support its tech sector. The offer reflects a 44% premium on recent prices but is significantly lower than the 390p per share at which Deliveroo floated in 2021. This trend points to a worrying pattern of UK tech companies being bought by foreign investors. Experts stress the need for UK government reforms in areas like Capital Gains Tax and the London Stock Exchange to foster a more supportive environment for innovation and entrepreneurship.
Deliveroo's takeover by DoorDash signals growing concerns over the UK losing its tech giants to overseas buyers and a failing public market.
Collection
[
|
...
]