Used car dealer and subprime lender America’s Car-Mart and its lenders are in talks for a sale that would allow the company to continue running, Bloomberg reported Tuesday (Oct. 20), citing unnamed sources. The discussions center on a deal that would happen through a Chapter 11 process...
Character AI has declared bankruptcy and agreed to sell some of its assets to Disney. The chatbot maker announced Tuesday (Oct. 13) that it had entered into a voluntary Chapter 11 bankruptcy process to set the stage for a court-supervised sale of its business. “Over the past year, we’ve...
Revolut aims to expand its suite of technology products and, over the long term, grow to be as large as the biggest U.S. tech companies, CEO Nik Storonsky said Friday (Oct. 9), according to a Reuters report. Speaking at the Wave by Vento event in Turin, Italy, Storonsky said Revolut...
Starbucks has worked with advisors on a takeover proposal for Chipotle Mexican Grill, the Financial Times reported Thursday (Oct. 8), citing unnamed sources. The status of the proposal and any submission of a formal offer to Chipotle could not be determined, according to the report....
Payments and banking solution provider Priority Technology Holdings has agreed to be taken private by an investor group led by the company’s chairman and CEO, Thomas Priore, the company said in a Monday (Sept. 21) press release. Under a definitive agreement announced Monday, the investor...
Federal regulators are warning that companies using consumers’ personal data to set prices could be violating the law. The Federal Trade Commission (FTC) published an enforcement bulletin on this topic Wednesday (Aug. 19), asking for public comment on the topic. “When consumers see a listed...
GameStop is reportedly considering withdrawing its $56 billion proposal to acquire eBay. Instead, GameStop CEO Ryan Cohen is thinking about proposing a partnership or joint venture that would let eBay leverage the video game retailer’s 1,600 locations in the U.S., Bloomberg News reported Monday (Aug. 10), citing sources familiar with...
For many financial institutions, the biggest opportunity in debit is hiding in plain sight. “The Hidden P&L of Legacy Debit,” the latest edition of PYMNTS Intelligence and Galileo’s Hidden Finance Tracker series, shows that the true cost of running a debit program extends well beyond...
President Donald Trump said Friday (June 26) that he will impose a 100% tariff on goods from any country that imposes a digital services tax on American companies. Several European countries have been considering implementing such a tax, and some are close to doing so,...