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Sep, 24 2018

Uber reportedly in early talks to acquire food delivery firm Deliveroo

Uber is in early talks to acquire London-based food delivery app Deliveroo.

Ride-hailing company Uber Technologies Inc is in early talks to acquire Deliveroo, the London-based food delivery app. The value of the deal is not disclosed until now. Any offer would need to be considerably above its latest valuation.

Last year, the food delivery company was valued at over $2 billion after raising $98 million from private investors.

If the deal goes through, it would mark a major attempt by Uber to dominate the food-delivery business in Europe.

Incorporated in London in 2013, Deliveroo competes with companies such as Just Eat. Presently, it operates in more than 200 cities across four continents.

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