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SAN FRANCISCO--(BUSINESS WIRE)--DoorDash, Deliveroo and Wolt Debut First-Ever International Campaign Celebrating the FIFA World Cup 2026™.
Milan prosecutors have placed the Italian arm of food delivery platform Deliveroo under judicial supervision and its chief executive under investigation for alleged exploitation of workers, judicial documents seen by Reuters showed on Wednesday.
The delivery giant said it will wind down delivery services across Qatar, Singapore, Japan and Uzbekistan.
Shares of DoorDash Inc. tumbled in extended trading Wednesday after the delivery platform said it plans to increase investments in its business next year and that its recent acquisition of Deliveroo would contribute less to profits in 2026 than once anticipated.
DoorDash has finalized its acquisition of the U.K. food delivery company Deliveroo, saying Thursday that the boards of both companies approved the nearly $4 billion deal announced earlier this year.
Will Shu, founder of food delivery app Deliveroo, will step down as its chief executive once US rival DoorDash completes a takeover of the British group, a statement said Thursday.
"I have decided that now is the right time for me to step down," Deliveroo CEO Will Shu said in a statement Thursday. Shu will step down as CEO after DoorDash's deal to acquire the company, which is expected to close on Oct. 2
The EU Commission on Tuesday said it had approved the takeover of Deliveroo by U.S. meal delivery firm DoorDash.
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