Reports claim US tech giant’s Uber Eats is in talks to gobble up London-based rival $2bn food app
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.
Related: Uber Eats couriers' pay protest brings traffic to a halt in central London
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