Tech industry's food for thought

WHEN Deliveroo announced earlier this month it had agreed to be acquired by US delivery giant DoorDash, it triggered more than just a major shake-up in the food tech sector.

- By Saskia Koopman

To many in the industry, it was a familiar story yet another prominent British tech firm snapped up by an overseas buyer.

And it is part of a broader pattern that raises uncomfortable questions about the long-term competitiveness of the tech ecosystem in the UK.

Deliveroo's recent decision comes on the heels of years of other high-profile moves, such as chip titan Arm's decision to snub London for a Nasdaq listing, and Darktrace's $5.3billion takeover by US private equity firm Thoma Bravo.