Dropbox is promoting Ashraf Alkarmi to co-CEO alongside Drew Houston. After a transition period, Houston will become executive chairman and Alkarmi will serve as sole CEO of the company.
Delivery Hero confirmed it received a takeover offer from Uber. The German food-delivery company said it is reviewing the proposal, which would combine two major players in the online food delivery market.
Uber confirmed it will make a takeover offer for German food delivery company DeliveryHero, a move that could reshape the global food delivery market. The deal would expand Uber Eats' presence in Europe and compete with rivals like Just Eat Takeaway. Financial terms of the offer have not yet been disclosed.
Elon Musk's plan to shift SpaceX's incorporation from Delaware to Texas raises concerns about eroding corporate governance standards and minority shareholder protections, following a similar move with Tesla and a Delaware court ruling against his pay package. The reincorporation could weaken legal oversight and set a precedent for prioritizing founder control over shareholder rights.
Delivery Hero disclosed that Uber Technologies made a preliminary takeover approach valuing the German food-delivery company at around €10 billion. The bid, which was ultimately rejected, would have combined two major players in the global food delivery market.
Dropbox announced that co-founder Drew Houston is stepping down as CEO, with current COO Danielle Brown appointed as his successor. Houston will remain as a board member and advisor to the company.