Here are the business stories making the headlines across Scotland and the UK this morning.
DoorDash to acquire UK's Deliveroo in $3.9billion deal
DoorDash will buy British meal delivery firm Deliveroo for £2.9billion ($3.85 billion), the companies said on Tuesday, as a part of the U.S. online delivery platform's plans to expand into international markets.
DoorDash, which had proposed to buy all of Deliveroo's shares last month, will offer 180p per Deliveroo share and said that the financial terms of the deal were final and would not be increased.
Deliveroo, shares of which have struggled since their debut in 2021, said earlier that its board had reviewed DoorDash's proposal for 180p per share and recommended it to shareholders.
Click here to read more.
Popular Aberdeen salon brand prepares to open new Cults branch
The busy bosses at James Dun say they’ve decided to “go out and meet their customers” as they prepare to open their latest salon in Cults.
It will open its doors in a matter of weeks and excitement has been building since the duo announced initial plans over social media last month.
They have been busy ever since, undertaking the renovation of 387 North Deeside Road, which was formerly home to Rowlands Pharmacy. It’s just one part of a business plan that they hope will take them into even more North-east communities in the coming years.
Read more in the P&J.
OpenAI says non-profit will remain in control after backlash
OpenAI, the parent of artificial intelligence service ChatGPT, has announced a new governance plan after a bitter power struggle over the business.
Boss Sam Altman said OpenAI would remain under the control of its for-profit board, while becoming what is known in the US as a public benefit corporation. Mr Altman had put forward a similar plan in December - but without clarifying the control of the non-profit.
The update follows widespread scrutiny of the startup, which began as a non-profit and faced criticism, including from co-founder Elon Musk, that its quest for growth is pushing it to stray from its original mission.
UK ‘flooded’ with fake wine
The UK market is being flooded with convincing knock-offs of popular wines, a leading fraud expert has said.
Maureen Downey, known as the “Sherlock Holmes of wine”, said organised criminals are producing “high-end counterfeits” of labels such as Yellow Tail, the second-largest brand in UK supermarkets.
She said that wine bottles are being replicated “to a professional degree” never seen before.
Read the full story in The Telegraph.