New and used apparel and home goods reseller market Poshmark said it is being acquired by South Korea’s Naver Corp., the companies announced Monday (Oct. 3), in an all cash $1.2 Billion deal at $17.90 per share, marking a 15% premium to its last closing...
Dutch technology investment giant Prosus has canceled its subsidiary PayU’s $4.7 billion acquisition of Indian digital payments processor BillDesk, saying conditions of the deal had not been met. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
French multinational financial services company Société Générale announced Monday (Oct. 3) that it is to acquire a majority stake in PayXpert. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Swiss bank UBS reportedly dropped its bid for U.S. wealth-management operation Wealthfront last month due to pushback from shareholders and U.S. regulators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Global venture capital firm QED Investors is acquiring boutique search company Lingua Franca Search (LF Search), a startup specializing in placing FinTech and financial services professionals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Global FinTech Circle, the issuer of USD Coin (USDC) and Euro Coin (EUROC), has signed an acquisition deal for merchant and developer-first payments orchestration platform Elements for undisclosed terms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Global payment services firm Worldline is acquiring a 40% stake in Online Payment Platform (OPP), a payment service provider (PSP) with a dedicated payment solution for marketplaces and platforms with a focus on eCommerce. Get the Full Story Complete the form to unlock this article...
B2B payments company Billtrust has been sold to the investment organization EQT in an all-cash transaction that values Billtrust’s equity at approximately $1.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The PNC Financial Services Group is acquiring Linga, a point of sale (POS) solutions firm, to further its expansion of corporate payments capabilities while enhancing its ability to serve hospitality and restaurant industry clients. Get the Full Story Complete the form to unlock this article...
