Amazon Reportedly in Early Stage Talks to Acquire Uber Eats India

Amazon.com is in early stage talks to acquire Uber Eats India, according to a report from Business Standard.
By Joseph Woelfel ,

Amazon.com (AMZN) - Get Report is in early stage talks to acquire Uber Eats India, according to a report from Business Standard.

The talks for a buyout are in the initial stages and a possible strategic alliance also could be explored, sources told Business Standard.

Amazon India is interested in entering the food delivery business so that it can add it to the list of services it provides, especially through its Prime membership, the report said, citing sources.

Amazon has been expanding its reach into food retailing. Back in May, Amazon led a $575 million investment in British meal delivery company Deliveroo, making Amazon Deliveroo's largest investor in the latest funding round.

The U.K.'s competition regulator said earlier this month that it would investigate Amazon's investment in Deliveroo.

Amazon shares fell 1.22% to $1,919.27 on Monday.

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