Having raised US$480 million from investors previous year, Deliveroo is one of the biggest startups in Europe, and also the direct competitor to Uber's food delivery arm, Uber Eats.
Shares in Just Eat (LON:JE) have fallen deep into the red in today's session, following a Bloomberg report that Uber was in early talks to buy rival Deliveroo. The deal still faces several hurdles, and may not go through, since numerous founders of Deliveroo are reluctant to give up the company's independence, reports Bloomberg.
After closing down ride-hailing business in Southeast Asia, China, and Russia, Uber is now considering several acquisition opportunities. The San Francisco-based company is also weighing other acquisitions; it is in talks with Middle Eastern ride-sharing rival Careem.
Deliveroo is one of Europe's most successful start-ups and was founded by British-Taiwanese Will Shu in 2012.
Uber is reportedly in early talks to buy Deliveroo, a hot London-based food delivery startup.
Comcast, Fox to settle $35B takeover for Sky in an auction
Fox's takeover was held up by regulatory scrutiny of the proposed deal and was then gatecrashed by Comcast earlier this year. Comcast is the current higher bidder for Sky, having offered 14.75 ($19.30) per share or about $34 billion in total in July.
Ecstasy Makes Octopuses More Social And Touchy
MDMA, has always been known as a party drug that inspires a sense of euphoria and empathy along with a desire to dance all night. And they made a lot of physical contact. "It just shows us how much we don't know and how much there is out there to understand.
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 potential takeover of Deliveroo would be a victory for Uber, which is trying to dominate the food delivery segment in Europe.
As of 12:36 BST, Just Eat's share price had given up 5.34 percent to 670.20p, significantly underperforming the broader United Kingdom market, with the benchmark FTSE 100 index having climbed into positive territory and now standing 0.81 percent higher at 7,427.36 points.
A merger would lead to a "war for market share" that would be "very damaging" to Just Eat's profits, analysts at Canaccord Genuity said.
'The combination of two competitors is the last thing Just Eat wants to hear, ' he adds.
Britain's biggest retailer launched the store format as it attempts to take the fight to German discounters Aldi and Lidl . Five of the new Jack's stores will be at locations Tesco has that are vacant or it's repurposing.
The next five players will all be tied at 4-under, and every set of five players will be one stroke behind that, ending with Nos. In next year's scenario, No. 20 Woods would start at 2 under and be 8 shots back of DeChambeau starting the 72-hole tournament.
Arizona Congressman Paul Gosar , a Republican from the party's most conservative wing, is standing for re-election in November. There are also remarks from a " Grace " and a " Jennifer ", as well as appearances by a " Joan " and a " Gaston ".
The corners of Arthur's mouth suddenly turn up into a disturbing smile, and just as quickly, Phoenix is seen in full Joker makeup. The makeup itself appears to be based off of a much more traditional clown style than we have previously seen for the Joker .
He told Thibodeau that he would like to be traded before reporting for Timberwolves media day Monday, league sources said. Towns had one year remaining on his rookie contract, a four-year $25.7 million deal he signed in 2015.
Authorities say women met the pair during social encounters where they became intoxicated and ended up at Robicheaux's apartment. Accused rapist Cerissa Laura Riley of Brea, Calif., is pictured in an undated handout from the Orange County District Attorney.
OnePlus has stated that Android Pie will soon be rolled out to the OnePlus 5 , OnePlus 5T , OnePlus 3 , and OnePlus 3T . If you don't see the OTA update (which will be called OxygenOS 9.0) on your OnePlus 6 yet, don't panic.
Elite Iranian soldiers killed in attack on military parade
Brigadier-General Abolfazl Shekarchi, an Iranian military spokesman, told Fars news agency four armed men carried out the attack. Qassemi said Iran expected the two European countries to extradite the "criminal perpetrators" of the terrorist act in Ahvaz.
Cathay Pacific takes digital transformation to new heights
Hong Kong airline Cathay Pacific was forced to send for repaint one of its aircraft because of errors in its repainting. Cathay Pacific responded quickly, making light of the situation. "She's going back to the shop!" the tweet read.
Elizabeth Smart's co-captor set for release
FILE - Media cover the Wanda Barzee release from the Utah State Prison in Draper on Wednesday, Sept. 19, 2018. Mace said she's unaware of any family members who would give Barzee a place to live.
Disney Releases Final Trailer For Ralph Breaks The Internet
Why are they there, what is going to happen besides some internet jokes and some "hey look we're Disney and we can joke with it". ComicBook.com recently visited Disney Animation Studios and learned all about the new movie, so we've got you covered.
Women die in flooded van driven by South Carolina deputies
Thom Berry, a spokesman for the State Law Enforcement Division, said SLED agents have been sent to the scene to investigate. In a statement, the sheriff's office said the two deputies escaped from the cab and tried to get the women out of the back.