> 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?