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DoorDash Makes $3.6 Billion Offer For Deliveroo

1 month ago
DoorDash has sent a proposal to buy the British meal delivery company Deliveroo for $3.6 billion. "The current offer marks the first formal approach since the last report in the summer," notes Reuters. From the report: The deal is expected to face no regulatory hurdles, as it provides DoorDash access to 10 new markets where it currently has no presence, creating a highly complementary footprint - other competitors might encounter more antitrust issues, the source said. Last year, Reuters reported DoorDash had shown interest in a takeover of Deliveroo, but a source said talks ended after disagreements on valuation. A deal between the two firms would help DoorDash solidify its footprint in Europe, after the U.S. meal delivery group's 2021 purchase of Finland-based rival Wolt Enterprises in an all-stock deal valued at about $8 billion.

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Google Is Killing Software Support For Early Nest Thermostats

1 month ago
Google announced it will end software updates and remote control support for the first- and second-generation Nest Learning Thermostats (plus the 2014 European model) starting October 25th. "You will no longer be able to control them remotely from your phone or with Google Assistant, but can still adjust the temperature and modify schedules directly on the thermostat," the company wrote in a Friday blog post. The Verge reports: In other significant news, Google is flatly stating that it has no plans to release additional Nest thermostats in Europe. "Heating systems in Europe are unique and have a variety of hardware and software requirements that make it challenging to build for the diverse set of homes," the company said. "The Nest Learning Thermostat (3rd gen, 2015) and Nest Thermostat E (2018) will continue to be sold in Europe while current supplies last." [...] In a clear attempt to ease customer anger, Google is offering a $130 discount on the fourth-gen Nest Learning Thermostat in the US, $160 off the same device in Canada, and 50 percent savings on the Tado Smart Thermostat X in Europe since the Nest lineup will soon be gone. The original Nest thermostats were released while the company was an independent brand under the leadership of former Apple executive Tony Fadell. Google acquired Nest in 2014 for $3.2 billion.

Read more of this story at Slashdot.

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