DoorDash announced on May 6 that it’s acquiring SevenRooms for $1.2 billion in cash. SevenRooms helps restaurants and hotels manage reservations and marketing. Why the move? To help restaurants grow their in-store business, along with delivery and takeout. In its recent Q1 earnings call DoorDash CEO Tony Xu discussed the intentions behind the acquisition. “It’s really about …
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(Reuters) -U.S. meal delivery firm DoorDash will buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion), the companies said, banking on a bigger reach and local expertise to take on competition. The groups rekindled talks last month after DoorDash approached Deliveroo with a 180 pence per share proposal, …
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Valsoft Corporation Inc. (“Valsoft”), a Canadian company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of MonkeySoft Solutions Inc. (“MonkeyMedia”), a wholly-owned subsidiary of ezCater. The acquisition of MonkeyMedia marks Valsoft’s entry into the restaurant technology sector — a strategic move that expands its presence into a …
The online ordering provider has received interest from potential buyers, Bloomberg reported. Olo owns a huge piece of the online ordering market, but its stock has struggled. The big restaurant tech supplier Olo is reportedly considering a sale after receiving interest from potential buyers. That’s according to a Bloomberg article published Wednesday, which cited people …
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Investing.com — Restaurant software provider, Olo Inc., is reportedly considering a potential sale following interest from potential buyers, Bloomberg reported, citing people familiar with the matter. The New York-based firm, whose backers include restaurateur Danny Meyer and The Raine Group, is said to be working with a financial advisor to assess the level of interest …
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KEY TAKEAWAYS Shares of Deliveroo soared in London trading Monday after the British food delivery firm said it had received an “indicative proposal” from DoorDash (DASH) to be acquired for 180 pence ($2.40) a share, or roughly 2.72 billion pounds ($3.63 billion). Deliveroo shares surged 17% in London to 171.9 pence. Shares of DoorDash, which has until …
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The owner of Blue Apron and Grubhub gains a creative studio and CTV know-how in Tastemade as it looks to ramp up ad programs. Dive Brief: Dive Insight: Add Wonder to the growing list of non-retail companies looking to use their first-party data and captive audiences to create a media network. Like United Airlines’ Kinective Media, which uses the company’s category …
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Shift4 has made a capital investment in Lunchbox, selecting the technology solution provider as the enterprise partner for its SkyTab POS solution. The news comes alongside Lunchbox’s appointment of James Walker as its new CEO. NEW YORK, March 10, 2025 /PRNewswire/ — Lunchbox, the leader in enterprise restaurant catering and off-premise technology, has announced the appointment of James Walker as CEO as …
For Boulder foodies, it was the press release heard around the world: After 14 months and $164,000 in support from the city, the restaurant-owned meal delivery subsidy Nosh Boulder announced on Feb. 13 it would cease operations immediately. What seemed on the surface to be a competitive co-op alternative to giants like DoorDash and Uber Eats was …
The business school version of why DoorDash won is that they had the right strategy. They launched in the right markets, acquired the right restaurants, and designed the marketplace the right way. The Silicon Valley hustle culture version is that they out-executed everyone else. They just shipped faster until they had better selection, a better …
