Deliveroo said that “it would be minded to recommend such an offer” to its shareholders, assuming an offer is made on those terms.

On Monday, Deliveroo also suspended its £100m share buyback programme as a result of the takeover talks. The takeaway delivery operator unveiled the buyback programme, which would have brought shareholder returns since 2023 to £550m, in March. It added that it could still recommence the programme at a later date.

British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion).