Deliveroo in talks with Softbank Vision Fund about possible stake sale - report
http://news.sky.com/story/giant-apple-backed-softbank-fund-in-talks-to-buy-deliveroo-stake-10933348
Deliveroo, a UK-based food delivery company, is holding discussions with Softbank Vision Fund about a potential investment by the technology fund, Sky News reported on Saturday, 1 July. The report cited unspecified sources speaking this weekend, who said Softbank was very keen to acquire a shareholding in Deliveroo, but added the caveat that agreeing a deal could take several weeks.
Insiders cited by the report said Deliveroo’s latest fundraising could match the USD 275m (EUR 240m) it raised from a funding round last year. The latest funding round could value Deliveroo at more than GBP 1bn (EUR 1.13bn), the insiders added.
One source indicated on Saturday that Deliveroo’s next funding round could value the company at GBP 1.5bn.
Softbank Delivery Fund’s backers include the computer company Apple, Inc. [NASDAQ:AAPL] and the government of Saudi Arabia, the item noted.
The item noted expectations that Deliveroo will eventually pursue an initial public offering.
A Deliveroo spokesperson said the company does not comment on speculation, the item said. A spokesperson for SoftBank Vision Fund refused to comment, according to the report.