Tony Xu has picked a good time to chow down on a rival. The DoorDash chief executive has offered to gobble up Deliveroo , valuing his British peer at $3 billion after deducting net cash. While the $79 billion U.

Deliveroo Plc shares surged by more than 18% on Monday, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash Inc.On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash at £1.

Deliveroo's board received a cash offer of 180 pence per Deliveroo share, valuing the company at around $3.6 billion