Deals
Glovo Said to Have Held Early-Stage Talks With Uber, Deliveroo
- Spanish food delivery company may also seek new investments
- Talks were preliminary and Glovo isn’t actively seeking a bid
Glovo bags outside a restaurant in Madrid.
Photographer: John Milner/SOPA Images/LightRocket via Getty Images
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Spanish food delivery startup Glovo has drawn preliminary interest from Uber Technologies Inc. and Deliveroo in recent months as the industry undergoes a wave of consolidation, people familiar with the matter said.
Talks between the Barcelona-based company and potential partners have been on and off and may not lead to a transaction, the people said, asking not to be identified because the deliberations are private. While suitors have shown preliminary interest, Glovo isn’t actively looking for a buyer, the people said.