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Trading Ideas

Takeaway CEO Doesn’t Want to Overpay With Just Eat Bid

(Bloomberg) — Takeaway.com NV Chief Executive Officer Jitse Groen said it doesn’t make sense to overpay in its bid to gain control of U.K. rival Just Eat Plc.“I don’t want to be the idiot that runs into a ratio that doesn’t make any sense,” Groen said at the sidelines of the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona on WednesdayTakeaway is currently battling Prosus NV, which officially filed its hostile offer for Just Eat on Monday. Just Eat investors have complained about both the 710 pence-per-share cash offer from Prosus and Takeaway’s all-stock offer, currently valued at …read more […]

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Trading Ideas

DoorDash Picks Up Another $100 Million at Nearly $13 Billion Valuation

(Bloomberg) — DoorDash Inc.’s $2 billion war chest is getting even bigger. The food delivery startup, backed by the likes of SoftBank Group Corp. and Sequoia Capital, is receiving a new cash infusion of $100 million, according to a person familiar with the matter. The investment comes on top of a $600 million funding round the company announced in May led by Darsana Capital Partners. The additional $100 million comes from accounts advised by T. Rowe Price Group Inc., a first-time DoorDash investor, and is part of the same funding round, said the person, who asked not to be identified …read more […]

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Trading Ideas

Brandenberg premier: Any support for Tesla will be in accordance with EU rules

The premier of the Brandenburg state that surrounds Berlin said on Wednesday any support for U.S. electric vehicle pioneer Tesla – which has said it will build its first European factory near Berlin – would be in accordance with EU rules. “We’re operating within the framework of the European Union’s state aid rules,” Dietmar Woidke told regional broadcaster rbb. “That applies to all European countries – that’s our framework. …read more […]

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Business News

Exclusive: U.S. manufacturing group hacked by China as trade talks intensified – sources

As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump’s trade policies, according to two people familiar with the matter.

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