Uber wants to buy Postmates for $2.6B following GrubHub fallout

Uber is in talks to purchase Postmates for roughly $2.6 billion following the collapse of its takeover deal with Grubhub, according to reports. The deal would further consolidate the food delivery industry at a time when the coronavirus pandemic has demand soaring. It would also strengthen Uber’s delivery arm, Uber Eats, which is unprofitable despite […]

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Trump mocks Seattle mayor’s ‘summer of love’ comment: ‘These liberal Dems don’t have a clue’

President Trump on Friday mocked the claim by Seattle’s mayor that a takeover of parts of the city could lead to a new “summer of love” there — even after police abandoned blocks of territory to protesters. “Seattle Mayor says, about the anarchists takeover of her city, ‘it is a Summer of Love’” he tweeted. “These Liberal […]

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LVMH weighs coronavirus impact on $16.2 billion Tiffany deal

Luxury giant LVMH is examining the coronavirus pandemic’s impact on its $16.2 billion takeover of Tiffany amid reports that it wants to renegotiate the deal. The Paris-based conglomerate’s board of directors discussed this week how the virus crisis could affect Tiffany’s “results and perspectives” in relation to the companies’ November acquisition deal, LVMH said Thursday. […]

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Xerox abandons $35B bid for rival HP amid coronavirus pandemic

The coronavirus crisis has forced Xerox to abandon its $35 billion attempt at a hostile takeover of larger rival HP. Xerox is withdrawing its cash-and-stock offer for HP because the viral pandemic has created conditions that are “not conducive” to getting the deal done, the Connecticut-based printer maker said Tuesday. “While it is disappointing to […]

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