Albertsons, the grocery store giant owned by Cerberus Capital Management, has acquired Plated, a New York-based meal-box subscription service that had raised around $90 million in venture capital funding. No financial terms were disclosed, but The Information reports a price tag of between $175 million and $200 million, with earn-outs that could nearly double the take.

  • Why it matters: Because this could presage new takeover interest in Plated rival Blue Apron, which has stunk up the public markets like a piece of rancid steak. Albertsons getting into meal-box delivery is a much more direct threat to grocers like Kroger than is Amazon's purchase of Whole Foods, given both shopper demographics and the reality that Amazon would still need to figure out sourcing and packaging. Not surprisingly, Blue Apron shares gained in aftermarket trading on the news, and are up again this morning.
  • ROI: It's not all that great for Plated's most recent investors, unless that earn-out is achieved. PitchBook reports the company's Series B round from August 2016 had a $128 million post-money valuation. The Series A post-money, however, was just $50 million.
  • Bottom line: "Albertsons, owner of the Safeway chain with roughly 2,300 stores, will market the meals to millions of store customers, while Plated also continues its online and television advertising campaigns." — WSJ

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Trump tightens screws on ByteDance to sell Tiktok

Illustration: Aïda Amer/Axios

President Trump added more pressure Friday night on China-based TikTok parent ByteDance to exit the U.S., ordering it to divest all assets related to the U.S. operation of TikTok within 90 days.

Between the lines: The order means ByteDance must be wholly disentangled from TikTok in the U.S. by November. Trump had previously ordered TikTok banned if ByteDance hadn't struck a deal within 45 days. The new order likely means ByteDance has just another 45 days after that to fully close the deal, one White House source told Axios.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health — FDA releases first-ever list of medical supplies in shortage.
  4. States: California passes 600,000 confirmed coronavirus cases.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  7. Politics: Biden signals fall strategy with new ads.

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.