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Charter Communications is acquiring cable competitor Cox for $21.9 billion.

Charter Communications announced on Friday its acquisition of the privately held Cox Communications for $21.9 billion, combining two major players in the cable and broadband sector as they face competition from streaming services and mobile providers. With many consumers turning to platforms like Netflix, American media companies are reassessing their approach to the once-booming cable […]

DoorDash to buy UK competitor Deliveroo for $3.9 billion

Doordash has announced plans to acquire its UK competitor Deliveroo for $3.855 billion, following a resurgence in negotiations last month. The proposal stands at 180p per share, which has raised Deliveroo’s stock from about 2% to 175.6p per share. There had been a standstill in discussions previously, mainly due to disagreements regarding Deliveroo’s valuation. Doordash […]

Deliveroo accepts £2.9bn acquisition offer from American competitor DoorDash.

Food delivery service Deliveroo has accepted a £2.9 billion buyout from its American competitor, Doordash, which will result in a payday of £66 million for its employees. The London-founded company, established in 2013 by Will Shu and Greg Orlowski, received an offer of 180p last month, and the board has now recommended this contract to […]