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UberEats eyeing up Deliveroo purchase

American food delivery and ride share company Uber is reportedly looking at purchasing UK-based delivery firm Deliveroo.

Deliveroo was recently valued at just over £2bn and according to a Bloomberg report, sources close to the companies say the deal could be worth “several billion dollars”.

The interest comes as Uber aims to refocus its business on food delivery, however Deliveroo is said to be reluctant to lose independence after it has just expanded into over 200 cities across the globe.

Following reports, shares in rival food delivery service Just Eat fell by nearly 7% when the London Stock Market opened this morning (21 September).

An UberEats spokesperson told Catering Today there was “no comment to share from our side”.

The report comes as UberEats drivers blocked the streets of London this morning in a protest over payment structure, claiming their rates had been reduced without prior notification for every delivery. UberEats said changes were made “in response to feedback from couriers”, and added the changes “will help increase earnings during busy mealtimes”.

Catering Today has contacted Deliveroo for comment, but is yet to receive a formal response.

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