Uber Technologies Inc. UBER, +2.40% and GrubHub Inc. GRUB, +29.06% cannot agree on a price that the ride-hailing company would pay to acquire the food delivery business, according to a CNBC report late Tuesday. GrubHub shares fell 2.9% in the extended session and Uber shares dropped 0.9%. CNBC said that Uber had rejected an all-stock offer. Earlier Tuesday, The Wall Street Journal reported that GrubHub proposed a deal in which its investors would have received 2.15 Uber shares for every share of GrubHub, valuing the company at roughly $6.25 billion. The Journal also reported that Uber’s board was expected to review the proposal in the “coming days.”

*via Market Watch*