The firm is presently valued at over $2 billion, and Uber will likely have to cough up a fair bit more than that to snap it up. If the deal goes through, it could give Uber a shot at ruling the roost in the food delivery space across Europe. Deliveroo currently operates in more than 200 cities across four continents, including 100 towns in the UK.

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That may not be easy though, as the company isn’t keen to relinquish control over its business. Uber, meanwhile is looking to build on its food delivery operations – which includes its Uber Eats service that’s available in several countries – but it seems like it’ll take more than a substantial offer to make this happen.

We’re following this story and will update this post when we learn more.