Uber reportedly looking to buy UK tech firm Deliveroo

Uber Technologies Inc is, according to Bloomberg, in early talks to buy UK tech company Deliveroo for several billion dollars

Deliveroo, the food delivery company, was co-founded by Will Shu and Greg Orlowski in 2012. Since then it has raised over $850m and was last valued at more than $2bn. As such a successful offer would have to be higher than this valuation. Albeit Uber have stated that they want to place a bigger focus on the food delivery section of the company going forwards.

If the sale does go ahead, it would represent a huge attempt by the US company to try and dominate the on-demand food delivery space in Europe.

To read more, click here.