acquisition

Grubhub has received interest from at least two European companies, Delivery Hero and Just Eat Takeaway.com, as potential acquirers, CNBC reported on Friday, citing people familiar with the matter. The news sent shares of Gruhub, which owns food delivery app Seamless, up 7.4 percent, to $61.76, in afternoon trading. Ride-hailing firm Uber in May approached …

French luxury goods giant LVMH, owner of Louis Vuitton, is not asking to renegotiate its $16.2 billion acquisition of US jewelry chain Tiffany & Co. after deliberating whether to do so, people familiar with the matter said Friday. LVMH chief executive Bernard Arnault had been in talks with his advisers this week to identify ways …

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. …

ViacomCBS is slashing an additional 400 jobs as the broadcasting giant continues to search for cost savings from last year’s merger of CBS and Viacom even as it struggles to shore up losses from the coronavirus pandemic. The layoffs, which kicked off this week, primarily took place at CBS’ entertainment, news, studio, sports and local …

Apple, keen to up its prowess in virtual reality and augmented reality, has purchased NextVR. The Newport Beach, Calif., outfit uses virtual reality tech to enable people to “attend” concerts and other live events. Neither the hardware giant nor the acquired company has disclosed the sale price, but 9to5Mac reported it as around $100 million. …

Uber’s attempt to gobble up rival food delivery startup GrubHub isn’t a done deal just yet, as the both sides are reportedly still squabbling over price. News of the acquisition talks sent shares of GrubHub up nearly 30 percent Tuesday, but they slipped slightly by 3.7 percent Wednesday as details of firm numbers remained scarce. …

ViacomCBS has unleashed a fresh round of layoffs in the ongoing integration of Viacom and CBS, whose merger created the company in December. ViacomCBS Chief Executive Bob Bakish sent an e-mail to staff Wednesday after handing out pink slips that may have hit more than 100 workers, according to a source. The news pushed shares …

The Federal Trade Commission has paved the way for PepsiCo to buy drink company Rockstar Energy for $3.85 billion, The Post has learned. The regulator approved the deal — announced last month during the coronavirus pandemic — on Friday and the company is expected to close on it in the coming days, sources said. Regulators …

Nokia declined to comment on Thursday on a media report saying it was working with an investment bank to defend itself from a hostile takeover — the news of which sent its shares flying. “Nokia does not comment on market rumors,” said a Nokia spokesman. Earlier on Thursday shares in Nokia surged 12.5 percent with …

Charlie Ergen’s plans to build the nation’s fourth wireless network by 2023 are being thrown into doubt due to the coronavirus. Ergen, the billionaire chairman of satellite-TV company Dish Network, needs to raise about $10 billion to build a 5G network that covers 70 percent of the US population by June 2023, fulfilling his part …