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Uber in Talks to Buy Deliveroo

• mtgx 8y ago
  > Deliveroo was in financing talks last year with SoftBank Group Corp., one of Uber’s major investors. The negotiations abruptly ended after SoftBank concentrated on backing Uber. So Deliveroo wanted a loan, but Uber convinced Softbank that they shouldn't be loaning money to their competitor so that they put Deliveroo in a bad position in which Deliveroo may have no choice but to take Uber's deal. Sounds like a nasty move from Uber, but then again, what else is new?