Key PointsUber and GrubHub remain far apart on offer price, sources tell CNBC has made an offer to buy food delivery company , according to people familiar with the matter.The two companies have had discussions about an all-stock deal that would offer Grubhub shareholders 2.15 Uber shares for each Grubhub share, one of the people said. The people requested anonymity because the information is confidential. a day agoHowever, both sides have yet to agree on a deal, and CNBC's David Faber reported Tuesday that Uber has rejected the proposal to buy Grubhub for 2.15 Uber shares...…Key PointsUber and GrubHub remain far apart on offer price, sources tell CNBC has made an offer to buy food delivery company , according to people familiar with the matter.The two companies have had discussions about an all-stock deal that would offer Grubhub shareholders 2.15 Uber shares for each Grubhub share, one of the people said. The people requested anonymity because the information is confidential. a day agoHowever, both sides have yet to agree on a deal, and CNBC's David Faber reported Tuesday that Uber has rejected the proposal to buy Grubhub for 2.15 Uber shares...WW…

Key PointsMicrosoft, Nuance CEOs on $16B deal, cloud strategy, health-care AI solutions and more announced Monday that speech recognition company for $56 per share, about 23% above its closing price Friday. The deal is worth about $16 billion and about $19 billion including debt.It's the latest sign Microsoft is hunting for more growth through acquisitions. The company is also reportedly in talks to . On top of that, Microsoft made an before the deal was derailed.The Nuance acquisition represents Microsoft's largest acquisition since it bought LinkedIn for more than $26 billion in 2016....…Key PointsMicrosoft, Nuance CEOs on $16B deal, cloud strategy, health-care AI solutions and more announced Monday that speech recognition company for $56 per share, about 23% above its closing price Friday. The deal is worth about $16 billion and about $19 billion including debt.It's the latest sign Microsoft is hunting for more growth through acquisitions. The company is also reportedly in talks to . On top of that, Microsoft made an before the deal was derailed.The Nuance acquisition represents Microsoft's largest acquisition since it bought LinkedIn for more than $26 billion in 2016....WW…

Key PointsCNBC tech editor on the Apple-Facebook clash over personal data CEO Tim Cook gave a slap at the business practices of Big Tech rivals during an impassioned speech at a privacy conference in Brussels in October 2018."Every day, billions of dollars change hands, and countless decisions are made, on the basis of our likes and dislikes, our friends and families, our relationships and conversations. Our wishes and fears, our hopes and dreams," Cook said. "These scraps of data, each one harmless enough on its own, are carefully assembled, synthesized, traded and sold."Although Cook...…Key PointsCNBC tech editor on the Apple-Facebook clash over personal data CEO Tim Cook gave a slap at the business practices of Big Tech rivals during an impassioned speech at a privacy conference in Brussels in October 2018."Every day, billions of dollars change hands, and countless decisions are made, on the basis of our likes and dislikes, our friends and families, our relationships and conversations. Our wishes and fears, our hopes and dreams," Cook said. "These scraps of data, each one harmless enough on its own, are carefully assembled, synthesized, traded and sold."Although Cook...WW…

Key PointsQuibi, the short-form entertainment service for mobile devices, that it will shut down, just over six months after its service launched.The company, which was founded by Hollywood producer Jeffrey Katzenberg and led by CEO Meg Whitman, raised $1.75 billion ahead of its launch in April. The app features short-form news and entertainment videos (or "quick bites") running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba. Investors in Quibi included legacy media companies like , 's NBCUniversal, and 's...…Key PointsQuibi, the short-form entertainment service for mobile devices, that it will shut down, just over six months after its service launched.The company, which was founded by Hollywood producer Jeffrey Katzenberg and led by CEO Meg Whitman, raised $1.75 billion ahead of its launch in April. The app features short-form news and entertainment videos (or "quick bites") running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba. Investors in Quibi included legacy media companies like , 's NBCUniversal, and 's...WW…

Key Points sold more models in the first 24 hours of preorders last week than iPhone 11 models sold in the same period last year, according to top Apple analyst Ming-Chi Kuo of TF International securities.In a research note Monday, Kuo reported that Apple sold up to 2 million iPhone 12 units in the first 24 hours, up from 800,000 units of the iPhone 11. But for the full weekend of preorders, which ended Sunday, Kuo predicted Apple would sell up to 9 million iPhone 12 units, down from the iPhone 11's 12 million for the same period. The iPhone 12 Pro sold better than expected thanks to strong...…Key Points sold more models in the first 24 hours of preorders last week than iPhone 11 models sold in the same period last year, according to top Apple analyst Ming-Chi Kuo of TF International securities.In a research note Monday, Kuo reported that Apple sold up to 2 million iPhone 12 units in the first 24 hours, up from 800,000 units of the iPhone 11. But for the full weekend of preorders, which ended Sunday, Kuo predicted Apple would sell up to 9 million iPhone 12 units, down from the iPhone 11's 12 million for the same period. The iPhone 12 Pro sold better than expected thanks to strong...WW…

Key PointsThe U.S. plans to block TikTok and WeChat downloads—Watch five experts break down what's nextThe Commerce Department that it will ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday.The announcement comes as the Trump administration continues to look at a deal in which  would take a minority stake in TikTok and .When asked about the TikTok deal during a press conference Friday afternoon, President Donald Trump said it could happen "quickly," and pointed to the U.S. companies involved, like Oracle. He also brought up as a bidder, even...…Key PointsThe U.S. plans to block TikTok and WeChat downloads—Watch five experts break down what's nextThe Commerce Department that it will ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday.The announcement comes as the Trump administration continues to look at a deal in which  would take a minority stake in TikTok and .When asked about the TikTok deal during a press conference Friday afternoon, President Donald Trump said it could happen "quickly," and pointed to the U.S. companies involved, like Oracle. He also brought up as a bidder, even...WW…

Key PointsTwitter attack appears like a 'human security issue', says CNBC tech editor Steve KovachWednesday's hack wasn't just unprecedented, it was a shocking revelation that the company is ill-equipped to handle the security of a platform that's the backbone of breaking news, government policy and market-moving events on the internet.The for Joe Biden, Elon Musk, Bill Gates, Apple and others and share a scam asking for bitcoin.So far, all we know for sure from Twitter is that at least one of its own employees was involved in the attack. Twitter described it as "social engineering," which...…Key PointsTwitter attack appears like a 'human security issue', says CNBC tech editor Steve KovachWednesday's hack wasn't just unprecedented, it was a shocking revelation that the company is ill-equipped to handle the security of a platform that's the backbone of breaking news, government policy and market-moving events on the internet.The for Joe Biden, Elon Musk, Bill Gates, Apple and others and share a scam asking for bitcoin.So far, all we know for sure from Twitter is that at least one of its own employees was involved in the attack. Twitter described it as "social engineering," which...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowHow would you classify a company that:Most would call that a media company. And most would expect that company to adhere to the standards, safeguards, and rules that all media companies do.But Facebook, which does all of the above, will not concede it's in the media business. Indeed that's a classification the company has avoided for years. On Thursday, Sheryl Sandberg, Facebook's...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowHow would you classify a company that:Most would call that a media company. And most would expect that company to adhere to the standards, safeguards, and rules that all media companies do.But Facebook, which does all of the above, will not concede it's in the media business. Indeed that's a classification the company has avoided for years. On Thursday, Sheryl Sandberg, Facebook's...WW…

Key Pointsreleased its blueprint for how it will reopen its stores once it is safe to due so. It will also reopen 25 stores in the U.S. this week.Customers will be required to submit to a temperature check and wear a mask before entering the store,  written by Apple's retail and human resources chief Deirdre O'Brien. If a customer doesn't have a mask, Apple will provide them with one.Customers will also be screened for other symptoms caused by Covid-19, like a cough. Apple said occupancy will be limited in stores, and employees will be focused on "one-on-one, personalized...…Key Pointsreleased its blueprint for how it will reopen its stores once it is safe to due so. It will also reopen 25 stores in the U.S. this week.Customers will be required to submit to a temperature check and wear a mask before entering the store,  written by Apple's retail and human resources chief Deirdre O'Brien. If a customer doesn't have a mask, Apple will provide them with one.Customers will also be screened for other symptoms caused by Covid-19, like a cough. Apple said occupancy will be limited in stores, and employees will be focused on "one-on-one, personalized...WW…