Technology Roundup – Just Eat deal values Grubhub at $70/share, Intel debuts Lakefield chips, takes on SoftBank’s Arm

科技精选——Just Eat与Grubhub合并,英特尔推出Lakefield芯片
Published on: June 10, 2020
Author: Amy Liu

Just Eat deal values Grubhub at $70/share – WSJ

Just Eat’s (OTCPK:TKAYF) all-stock deal would value Grubhub (NYSE:GRUB) at nearly $70/share, according to WSJ sources.

Just Eat doesn’t have a presence in the United States, which would remove the regulatory risks that sources say sunk Grubhub’s merger talks with Uber.

Grubhub and Uber had agreed to a price of 1.925 Uber shares per GRUB share, which at previous prices would’ve totaled about $70/share.

GRUB shares are up 2.6% after hours to $60.58.

Intel debuts Lakefield chips, takes on SoftBank’s Arm

Intel (NASDAQ:INTC) officially debuts the Intel Core processors with Intel Hybrid Technology, which have been more commonly known as the Lakefield chips.

The new chips, meant for smaller devices like foldables, include the Foveros 3D packaging tech and a hybrid CPU architecture that combines the 10nm Sunny Cove core with four low-power, Atom-class Tremont cores.

The Lakefield chips are Intel’s answer to Arm’s (OTCPK:SFTBF,OTCPK:SFTBY) Big Little architecture.

The first three Lakefield-powered devices are the Intel version of Samsung’s Galaxy Book S, the foldable Lenovo ThinkPad X1 Fold, and Microsoft’s dual-screened Surface Neo.

Uber likely leaving Grubhub talks – CNBC

Uber (NYSE:UBER) will likely pull out of its merger talks with Grubhub (NYSE:GRUB) due to antitrust concerns, according to CNBC sources.

Several Democratic lawmakers had expressed concerns about the potential deal.

David Faber reports that Grubhub will likely merge with a European company instead.

Last week, CNBC reported that JustEat and Delivery Hero were eyeing a Grubhub purchase if the Uber talks fell through.

Uber shares are down 3.7% to $35.22.

Twitter, Square make Juneteenth a company holiday

“Both Twitter (NYSE:TWTR) and Square (NYSE:SQ) are making #Juneteenth (June 19th) a company holiday in the US, forevermore. A day for celebration, education, and connection,” reads a tweet from CEO Jack Dorsey.

The holiday commemorates the end of slavery in America.

On that day in 1865, Union General Gordon Granger read the Emancipation Proclamation to the public in Galveston, Texas, a full two and a half years after it was issued by Abraham Lincoln.

Apple first phase of HQ return begins on June 15

As part of the first phase of HQ return, Apple (NASDAQ:AAPL) plans a very limited staff and workers to the office on certain days depending on their job starting June 15.

According to the memo, the company will follow social distancing, daily health checks, temperatures check and require employees to wear masks at all times.

First phase of re-opening in areas outside Silicon Valley started in May.