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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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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