Tech

Uber in talks to buy food delivery company Deliveroo

Uber is looking to get into the food delivery business.

The ride-hailing app is in early talks to buy five-year-old food delivery company Deliveroo, according to a report.

The value of the proposed deal is not known, according to Bloomberg, which first reported on the talks, citing people familiar with the matter — but they would likely have to be for more than $2 billion, the UK company’s latest valuation after raising $98 million.

The talks are in early stages and could fall apart, Bloomberg cautioned.

Started in London in 2013 by two Americans, Deliveroo has expanded into 11 other countries.

Both Uber and Deliveroo were not immediately available for comment.