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.

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