logo
Plus   Neg
Share
Email

Amazon Reportedly In Talks To Invest In UK Food Delivery App Deliveroo

E-commerce giant Amazon.com Inc. is in talks to invest hundreds of millions of pounds in the British food delivery app Deliveroo, Sky News reported, citing sources.

The deal, which would be unveiled in the coming days, is part of a $575 million or $450 million fundraising by Deliveroo.

UK-based Deliveroo operates in over 100 towns and cities, and works with more than 8,000 restaurants across the country.

In last September, the Telegraph newspaper had reported about Amazon's two preliminary exploratory approaches towards Deliveroo.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union.... Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among... Gap Inc.'s (GPS) Old Navy brand announced plans to open 800 new stores as part of its upcoming split from its parent company. "We'll almost double our fleet to 2,000 stores in North America, predominantly in under-served small markets," Old Navy CEO Sonia Syngal said. The company said the plan was...
Follow RTT