Uber in talks to buy food-delivery firm Deliveroo

A deliveroo logo is seen on a bicycle in London

Ride-hailing company Uber Technologies is in early talks to buy food delivery company Deliveroo, Bloomberg reported on September 20, citing people familiar with the matter.

Having raised US$480 million from investors past year, Deliveroo is one of the biggest startups in Europe, and also the direct competitor to Uber's food delivery arm, Uber Eats.

Deliveroo and Uber declined to comment. Specifics on the reported discussions, including any purchase offer, weren't reported, but Bloomberg said it could be "considerably above its valuation".

The couriers, riding scooters and motorcycles, chanted "no money, no food" as they shut down traffic outside Uber Eats's London headquarters for the second day in a row.

The business operates in more than 290 cities and is set to enter new markets across Europe, the Middle East and Africa this year.

We'll be updating this story as when more information about Uber's potential acquisition of Deliveroo is released, so be sure to check back in. In this, the customers can order dishes from various restaurants in a single order.

A bid for Deliveroo would mark a major attempt by the USA firm to dominate the food-delivery business in Europe, the report noted.

Just Eat shares fell by as much as 9 per cent at one point in London before paring some of the losses to close down 4.8 per cent at 674p.

Following the rumors, share prices of rival food delivery services crashed today.

'The combination of two competitors is the last thing Just Eat wants to hear, ' he adds.

Related News:

Most liked

Man arrested after video shows several emu run over with vehicle
The animal welfare organisation on Thursday pleaded for help to identify him and began working closely with police. In the footage, the mustachioed man smashed over the emus before he appears to turn the camera on his own face.

Phoenix Wright: Ace Attorney Trilogy is coming to the PC in 2019
The new Phoenix Wright: Ace Attorney Trilogy will be available on PlayStation 4, Xbox One, and Nintendo Switch as well. It comes out in Japan in early 2019 with both a Collector's Package and an e-Capcom Limited Edition.

Cathay Pacific spells its name wrong on its own plane
The painters forgot to put the F in Pacific, and the plane emerged with the words Cathay Paciic blazoned on the side. Social media users think it is unusual that the company didn't notice the blunder.

A two headed snake is discovered by a householder in Virginia
The magazine said two-head snakes develop similarly to Siamese twins when an embryo does not properly split into two. A rare two-headed copperhead snake has been found in the backyard of a home in the USA state of Virginia.

Spiders covered the 300-meter "network" coast of Greece
This year, a sizable increase in the mosquito population is also an important driver for the spiders' prolific web spinning. Like this story? Share it with a friend! It was all spun by arachnids known as "stretch spiders".

Manchester United still in for hard season despite good form Jose Mourinho
I don't want to say was [Eric] Bailly or [Phil] Jones and is now Smalling or Lindelöf. They play like I like to play which is like the World Cup final.

Plane dispatched from Perth to rescue sailor
He managed to send a message saying he has a severe back injury and is immobilised, unable to eat or drink. The yachts of Tomy and Ireland's Gregory McGuckin were dismasted by 70-knot winds and 14m-high seas.

West Ham Will Spend Season Fighting Relegation - Liverpool Legend
Hazard will be hoping to continue his fine start to the season when the Blues make the trip to West Ham tomorrow. He's more of a provider than a goalscorer. "I know (Mohamed) Salah did it but to do that, that's some going".

Gunmen open fire on Iran military parade
Ahvaz has been the subject of several attacks by separatist groups over the past 10 years. Two of the attackers were killed and two were arrested, the deputy governor said.

Tropical Storm Kirk forms in Atlantic Ocean
As it gets closer to the Lesser Antilles, high wind shear will most likely tear this apart by Sunday night. The storm will move toward the west-northwest through early next week and is not a threat to Florida.

Florida student accused of trying to steal airliner dragged off plane
Sankat is a native of the Caribbean dual-island nation of Trinidad and Tobago, and entered the USA through Canada. Sankat was yesterday held at the Brevard County Jail and is being interrogated by authorities.

Bill Cosby Possibly Headed to Jail on Monday
The judge asked Kevin Steele , the county's district attorney, to clarify his plans on this issue by Friday. Constand and at least five other accusers will be at the sentencing but they will not be able to testify.

Twitter users explain #whyIdidntreport after Trump attacks Christine Blasey Ford’s credibility
Ford didn't tell anyone about the incident until 2012, when she was in couple's therapy with her husband. She said she later went through psychotherapy and came to understand it as a traumatic incident.

Scientists Find Ecstasy Makes Octopuses 'Gentle and Cuddly'
Dolen's genetic analysis of a species of octopus (called California two-spot octopus ), the creature's brain can sense MDMA. She added that the study of psychedelics and other recreational drugs is no longer deemed to be a "risque topic".

Tiger Woods, Justin Rose share lead at Tour Championship
He then moved two strokes clear of the elite 30-player field on the back nine with birdies at the par-four 12th and par-four 14th. McIlroy played near-flawless golf all afternoon, posting five birdies with just the one dropped shot on the seventh hole.