Xerox has offered HP $22 per share in its takeover bid for the company, sources familiar with the deal tell CNBC’s David Faber. Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and .137 Xerox shares for each HP share. Concerns about tie-up largely stem from the wide size disparity between Xerox and HP. HP, worth $29 billion, is more than three times the size of Xerox in terms of market cap. HP on Wednesday confirmed it has held talks with Xerox, which makes printers a

Insider selling is likely to keep Uber shares under pressure for the rest of November following the expiration of the stock’s lockup period, according to Bank of America Merrill Lynch analysis. “The consensus view seems to be for selling pressure post lockup that lasts a few months,” Post said in a note to clients. “In our recent lockup performance note, we created an equal-weighted basket of BofAML Internet IPOs to analyze price performance during the lockup period,” Post wrote. Bank of America

Dish Network (DISH) – Dish reported quarterly earnings of 66 cents per share, 5 cents a share above estimates. Qualcomm (QCOM) – Qualcomm reported quarterly profit of 78 cents per share, 7 cents a share above estimates. Roku (ROKU) – Roku lost 22 cents per share for the third quarter, 6 cents a share smaller than anticipated. Expedia (EXPE) – Expedia fell 42 cents a share shy of consensus estimates, with quarterly profit of $3.38 per share. Square (SQ) – Square came in 5 cents a share above esti

The firm’s head of equity strategy is worried market sentiment is becoming too optimistic as stocks trade near all-time highs. “We kinda hate this market,” Harvey told CNBC’s “Trading Nation” on Wednesday. The market has moved very close to our price target, and many of the catalysts that we talked about have played out.” “I would say mid single digits for your capital market returns. “As we look forward, there’s not much left for us to substantially say the market is going to move higher.”

Karen Finerman was a buyer of Disney. Tim is short IWM, RACE, SPY, TSLA. Karen Finerman is long FB spread calls. Karen Finerman is long GOOG put spreads. Karen Finerman is long SPY puts.

James Dolan, executive chairman and CEO of MSG, has been planning to spinoff the struggling New York teams from the other MSG assets, which include the Madison Square Garden Arena and the Radio City Music Hall. MSG, which has a market value of about $6.6 billion, would get a large boost from the sale of the highly-valued assets. Through Wednesday, shares of Madison Square Garden are up only 3% since January. The activist investor group has been looking into ways that MSG can boost share performa

People walk out of the co-working space WeWork in the Williamsburg neighborhood of Brooklyn in New York. Spencer Platt | Getty ImagesOn the last day of the third quarter, WeWork withdrew its IPO filing and kicked off a desperate race to find fresh capital to keep the business afloat. That includes more than 350,000 square feet at 437 Madison Ave., where it took 12 floors of the 40-story tower. Worth, where it signed a lease covering two floors and 53,000 square feet at a building in the neighbor

SoftBank CEO Masayoshi Son says he has devised a “simple formula” to turn around troubled co-working start-up WeWork. According to Son, WeWork must stop building offices for roughly three to four years, since construction requires significant upfront investments. Those changes, combined with increasing gross profits and reducing operating expenses, are the “simple turnaround that we will be aiming for,” Son said. But boy are the charts bizarre, containing almost no real data and a bunch of line

Xerox offers $22 a share in takeover bid for HP, sources tell CNBCCNBC’s David Faber breaks down his latest reporting on Xerox’s offer to buy HP. Sources tell Faber that Xerox’s offer to takeover HP came in at $22 a share, and that the bid consisted of 77% cash, and 23% stock.

Investors will focus on streaming service subscription numbers, analyst saysApple TV+ just launched at the beginning of the month with Disney+ on deck. Larry Jones, CEO of Blackthorn and former president of TV Land, and Mark Mahaney, lead internet analyst at RBC Capital Markets, join “Squawk Box” to discuss the growing competition in the streaming space.

Why the Toyota Land Cruiser is disappearing from AmericaThe Toyota Land Cruiser is one of the auto industry’s longest lasting and most widely-known brands. Land Cruisers have been in continuous production since the 1950s. It was also one of the first vehicles Toyota imported to the United States, establishing the reputation that turned Toyota into one of the best-selling brands in America. But in 2019, the Land Cruiser seems to be disappearing from the United States, attracting one-fifth of the

Tobias Schwarz | AFP | Getty ImagesA candidate to be Germany’s next leader has again called for the country to play a more active military role on the world stage. In a translation provided by media outlet DW.com, Kramp-Karrenbauer is reportedly set to say Thursday that German armed forces should take a greater lead in armed missions around the world. In March, German budget figures put 2020 defense spending at €45 billion, or 1.37% of GDP. Germany has been careful to restrict its military activ

Heineken U.K. is to introduce cardboard packaging to replace the plastic rings used on its multipack cans. By the end of 2021 all of Heineken U.K.’s multi-pack cans — which include brands such as Strongbow and John Smith’s — will be free from plastic. Heineken U.K. is the latest major business to attempt to reduce the amount of plastic it uses. In October, consumer goods giant Unilever said it would halve its use of virgin plastic by 2025. The Anglo-Dutch firm also vowed to “help collect and pro

LISBON, Portugal — When a start-up raises money, it shouldn’t necessarily be seen at as a good thing, according to the co-founder of tech unicorn Branch. “We will never ever celebrate a fundraise,” Seghete said at a CNBC-moderated panel at the Web Summit tech conference. “When you raise money, it’s definitely important that you raise money to fuel your company.” The company has raised $113 million in funding to date and is backed by Android founder Andy Rubin’s Playground Ventures. Branch last y

Congress must approve the United States-Mexico-Canada (USMCA) trade agreement in order to provide a linchpin for global trade discussions, according to Rick Dearborn, the former White House deputy chief of staff for policy. Republican lawmakers have been ramping up public pressure on Democratic House Speaker Nancy Pelosi to approve the deal, a replacement for NAFTA (North American Free Trade Agreement). “I think USMCA is the linchpin to every other agreement that is going to come down the road,”

The world’s biggest seller of cars, Toyota Motor Corporation, is to set up a joint venture with China’s BYD Company — a company quarter-owned by Warren Buffett’s Berkshire Hathaway. The two companies announced in a statement Thursday that they would each invest 50% of the capital needed to set up a joint venture which designs and develops battery-electric cars. No details about the total value of the venture were released. BYD and Toyota said they plan to staff the new company by transferring en

Emmanuel Macron, France’s president, speaks ahead of the Balkan summit at the Chancellery in Berlin, Germany, on Monday, April 29, 2019. French President Emmanuel Macron, in an interview with British weekly The Economist, warned fellow European countries that they could no longer rely on the United States to defend North Atlantic Treaty Organization (NATO) allies. “What we are currently experiencing is the brain death of NATO,” Macron was quoted as saying. I’d argue that we should reassess the r

LISBON, Portugal — Apple’s digital wallet is stifling competition in the payments market, according to a high number of complaints sent to the EU’s Competition Commissioner Margrethe Vestager. “We get many, many concerns when it comes to Apple Pay for pure competition reasons,” Vestager said in a press conference at the Web Summit tech conference in Lisbon, Portugal on Thursday. Apple Pay is now available in all EU member states and venture capital firm Loup Ventures estimates that 88% of its us

Don’t want dirty methods or dirty money used in elections, EU justice commissioner saysVera Jourova, European commissioner for justice, consumer and gender equality, discusses disinformation and Twitter’s political ads ban.

LISBON, Portugal — A top EU official weighed in on the debate over political ads on tech platforms Thursday, telling CNBC that European lawmakers will determine the rules while companies including Facebook and Twitter must obey them. Further legislation around political ads would bolster the EU’s efforts to take a leading role regulating the world’s biggest technology companies on issues ranging from disinformation to competition and data privacy. “For us the task of the day is to come up with t