Uber Technologies is in early talks to buy food-delivery company Deliveroo, Bloomberg reports, citing people familiar with the matter.
London-based Deliveroo was valued at more than US$2 billion in a financing deal last year. Any offer would need to be significantly more than that if it is to have a chance.
According to Bloomberg sources, the Uber talks could fall apart because Deliveroo and its investors have been reluctant to relinquish independence.
Uber CEO Dara Khosrowshahi has made food-delivery business a top priority ahead of the ride-hailing giant’s planned 2019 initial public offering.
A bid for Deliveroo would mark a major attempt by the US firm to dominate the food-delivery business in Europe, the report noted.
Deliveroo, one of Europe’s biggest startups, last year raised about US$480 million from investors including Fidelity Investments and T. Rowe Price Group.
The company competes directly with Uber Eats, Uber’s food delivery business.
– Contact us at [email protected]