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Deliveroo founder Will Shu to step down as CEO after DoorDash takeoverNEW!MenuselectSearch quotes, news & videosMenuDeliveroo founder Will Shu to step down as CEO after DoorDash takeoverPublished Thu, Sep 18 20257:55 AM EDTKey Points"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 deal represents an end to Deliveroo's tumultuous time as a public company.In this articleFollow your favorite stocksCREATE FREE ACCOUNTDeliveroo CEO Will Shu.Aurelien Morissard | IP3 | Getty ImagesLONDON — CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago.Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed.DoorDash to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion)."I have decided that now is the right time for me to step down," Shu said in a statement Thursday. "Taking Deliveroo from being an idea to what it is today has been amazing.""Today the Company's growth and profitability are accelerating and we are delivering on our mission to transform the way people shop and eat, but after 13 years I want to contemplate my next challenge," Shu added.Deliveroo said that its acquisition by DoorDash "continues to progress as anticipated" and is expected to close on Oct. 2 following a scheduled Sept. 30 court hearing to sanction the deal.Once it closes, the takeover will represent an end to Deliveroo's tumultuous time in the public markets.Deliveroo saw its in 2021 on the day of its initial public offering, dealing a significant blow to London's ambitions to compete with New York for more high-profile tech listings.WATCH: watch nowVIDEO4:1004:10VC founder Saul Klein on how to boost UK tech sectorNews TipsGot a confidential news tip? We want to hear from you.CNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.Advertise With Us© 2025 CNBC LLC. All Rights Reserved. , Shu will step down as CEO after DoorDash's deal to acquire the company, which is expected to close on Oct. 2 The deal represents an end to Deliveroo's tumultuous time as a public company., Chris J. Ratcliffe/Bloomberg via Getty Images Deliveroo CEO Will Shu went from grinding 100-hour weeks on Wall Street to creating a solution to London’s lack of late-night food delivery..
In this episode of the Future of Money podcast, I sat down with Luuk Strijers, CEO of Deribit, to discuss their landmark $2.9 billion acquisition by Coinbase, Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14., On May 8, the firm announced that it agreed to acquire crypto options trading platform Deribit in a transaction worth $2.9 billion that consisted of $700 million in cash and 11 million, Following the latest $2.9 billion acquisition of derivatives exchange Deribit by the company, Coinbase CEO Brian Armstrong has revealed intentions for other strategic acquisitions in important bitcoin news this week., Coinbase CEO Brian Armstrong hints at more acquisitions following a $2.9 billion deal to buy crypto derivatives giant Deribit., .