Uber Might Buy Deliveroo

23 Septembre, 2018, 11:39 | Auteur: Auguste Feret
  • Deliveroo does not operate in the US which is Uber’s home market

The start-up was valued at more than $2bn (£1.5m) previous year after raising $98m from private investors.

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".

Uber chief executive Dara Khosrowshahi has reportedly made the company's food delivery arm a priority ahead of a planned initial public offering in the second half of next year. The San Francisco-based company is weighing other acquisitions, too.

Uber buying Deliveroo would make ideal sense.

Deliveroo presently operates in more than 200 cities across 12 nations, including Italy, Ireland, France, Germany, Netherlands, Australia, Belgium, Hong Kong, Singapore, Spain, UAE, and the UK. The negotiations abruptly ended after SoftBank concentrated on backing Uber. It seems the United Kingdom food delivery start-up has deliberately avoided the USA market, cited Bloomberg.

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The potential takeover of Deliveroo would be a victory for Uber, which is trying to dominate the food delivery segment in Europe.

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. Its arrival posed a significant threat to Deliveroo, which was hailed as the food delivery service du jour.

"They say strength in numbers can be a powerful force and so it is no surprise that Just Eat's shares have taken a big hit on speculation that Uber is going to buy Deliveroo", said Russ Mould, investment director at stockbroker AJ Bell.

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


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