Dutch food delivery firm Just Eat Takeaway is to acquire Grubhub in an all-stock deal, the companies announced Wednesday, ending Uber’s hopes of merging with Grubhub. Just Eat said the deal valued Grubhub at $7.3 billion, a considerable premium to Grubhub’s market capitalization of a little above $5 billion although the true value of the deal will depend on where Just Eat shares trade...
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Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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