Bloomberg:
DoorDash plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups  —  In a matter of five hours, the US delivery firm DoorDash Inc. announced two multibillion-dollar acquisitions that stand to turn …

Wall Street Journal:
US v. Google: the DOJ says in a May 5 filing that Google should sell its AdX business and DFP ad platform; Google says divestiture isn't warranted or feasible  —  A federal judge ruled last month that the tech giant had created a monopoly in advertising  —  Google should sell …

Rachel Metz / Bloomberg:
Elon Musk's attorney says OpenAI's nonprofit reversal is “a transparent dodge that fails to address the core issues” and “the founding mission remains betrayed”  —  Elon Musk's attorney said OpenAI's decision to partly walk back its plan to restructure as a for-profit business …

Financial Times:
Munich-based Quantum Systems raised €160M, sources say at a €1B+ valuation, and Lisbon-based Tekever hit a £1B+ valuation, as VCs back European drone startups  —  Quantum Systems and Tekever each valued at more than €1bn in latest fundraisings, as new investors flock to ‘dual use’ tech companies

US food delivery giant DoorDash has acquired British rival Deliveroo in a £2.9bn ($3.9bn) deal, ending the UK business’ rocky tenure as a public company.  The all-cash offer, priced at £1.80 ($2.40) per share, represents a 77% premium over Deliveroo’s recent trading price. However, the acquisition price is less than half its 2021 IPO valuation of £7.6bn. Deliveroo’s board unanimously backed the deal. CEO and co-founder Will Shu, who owns 6.4% of the company, is set to pocket £172mn.  The merger will expand DoorDash’s footprint in Europe, where it has lagged behind competitors like Uber Eats and Just Eat. Deliveroo’s…

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