Date
16 December 2018
A Deliveroo driver secures an order from a field kitchen in the UK in this picture from Aug 2017. The food delivery platform is reportedly being eyed by Uber for a potential acquisition. Photo: Bloomberg
A Deliveroo driver secures an order from a field kitchen in the UK in this picture from Aug 2017. The food delivery platform is reportedly being eyed by Uber for a potential acquisition. Photo: Bloomberg

Uber in talks to buy food delivery firm Deliveroo: report

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.

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RC

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