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Uber in Talks to Buy Food-Delivery Company

Uber in Talks to Buy Food-Delivery CompanyUber in Talks to Buy Food-Delivery Company

Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than $2 billion, would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to be considerably above its latest valuation, according to people with direct knowledge of Deliveroo plans, Bloomberg reported. The talks could fall apart, in part because Deliveroo and its investors have been reluctant to relinquish independence, said the people, who asked not to be identified because the information is private. Spokesmen at Deliveroo and Uber declined to comment. Although little-known in the crowded US market, which it has avoided, Deliveroo is ubiquitous in Europe’s capitals. The service is available in more than 200 cities on four continents.

 

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