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You can find the current article at its original source at https://www.theguardian.com/business/2018/sep/21/uber-bid-buy-deliveroo-hits-just-eat-shares
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| Version 0 | Version 1 |
|---|---|
| Uber bid to buy Deliveroo hits shares in rival Just Eat | Uber bid to buy Deliveroo hits shares in rival Just Eat |
| (about 1 hour later) | |
| Shares in Just Eat have fallen 6% following reports that Uber is in talks to buy online food service rival Deliveroo for at least $2bn (£1.5bn). | Shares in Just Eat have fallen 6% following reports that Uber is in talks to buy online food service rival Deliveroo for at least $2bn (£1.5bn). |
| Investors in the takeaway app took fright at the prospect of Uber using Just Eat’s arch-rival as a UK platform for boosting the Uber Eats food delivery service. Just Eat shares hit a 2018 low of 664p on the news. | Investors in the takeaway app took fright at the prospect of Uber using Just Eat’s arch-rival as a UK platform for boosting the Uber Eats food delivery service. Just Eat shares hit a 2018 low of 664p on the news. |
| “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. | “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, particularly when it is already trying to play catch up on the delivery side of its business.” | “The combination of two competitors is the last thing Just Eat wants to hear, particularly when it is already trying to play catch up on the delivery side of its business.” |
| The Uber talks were first reported by Bloomberg, which quoted sources saying any deal would have to be “considerably above” Deliveroo’s latest valuation of $2bn. | The Uber talks were first reported by Bloomberg, which quoted sources saying any deal would have to be “considerably above” Deliveroo’s latest valuation of $2bn. |
| The article stated that the talks were at an early stage and could fail because Deliveroo, founded by the former investment banker Will Shu, and its investors are reluctant to part with their independence. | The article stated that the talks were at an early stage and could fail because Deliveroo, founded by the former investment banker Will Shu, and its investors are reluctant to part with their independence. |
| More details to follow soon … | More details to follow soon … |
| Deliveroo | Deliveroo |
| Uber | Uber |
| Couriers/delivery industry | Couriers/delivery industry |
| Food & drink industry | Food & drink industry |
| Restaurants | Restaurants |
| Food | Food |
| news | news |
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