Grubhub turned down Uber’s latest offer of 1.9 shares for each Grubhub share as too low during negotiations that could reshape the meal delivery business, the Wall Street Journal reported. Grubhub had previously said that it wants at least 2.15 Uber shares for each share of its own stock. Negotiations between Grubhub CEO Matt Maloney and Uber CEO Dara Khosrowshahi continued through the weekend. ...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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